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[BUSINESS] · Egypt, Cyprus, Greece · 15 sources

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Egypt, Cyprus, and Greece advance Eastern Mediterranean gas corridor

Energy ministers from Egypt, Cyprus, and Greece met at the East Mediterranean Gas Forum (EMGF) in Athens to advance plans for connecting Cypriot gas reserves to European markets via Egyptian infrastructure.

Key projects discussed include the development of the Kronos and Aphrodite gas fields. For the Kronos field, officials aim to begin production in the first half of 2028. A subsea pipeline is expected to connect the field to Egypt’s Zohr field within two years, after which the gas will be liquefied in Egypt and transported to Greece for injection into the Vertical Corridor.

In addition to regional connectivity, Egyptian Petroleum Minister Karim Badawi met with Arkeos Energy to discuss increasing the company's production in Egypt between 2027 and 2030, specifically focusing on the Harmattan field and deep-water exploration in the North Damietta and North Tabia regions.

Greece, Cyprus, and Egypt emphasized their roles in creating a regional energy corridor that enhances security of supply for Europe while utilizing Egypt's established processing and liquefaction capabilities.

Entities

Arkeos Energy · East Mediterranean Gas Forum · Eni · Karim Badawi · Michael Damianos · Michalis Damianos · Stavros Papastavrou · TotalEnergies

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