The Egyptian Minister of Petroleum Tarek El Molla and Cypriot Minister of Energy Yiorgios Lakkotrypis signed a deal on Wednesday for the transfer of natural gas via pipeline to Egypt. The deal will allow a direct subsea pipeline from Cyprus's exclusive economic zone (EEZ) to either Egypt's EEZ or onshore Egypt for domestic consumption or re-export, once extraction starts of discoveries made off Cyprus. (Reuters)
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