Minister of Petroleum and Mineral Sources Karim Badawi met with Cypriot President Nikos Christodoulides to evaluation the newest developments within the pure fuel interconnection initiatives between the 2 nations to bolster regional power safety, based on a press release by the Ministry of Petroleum and Mineral Sources (MoPMR).
In February, Egypt and Cyprus signed a memorandum of understanding (MoU) to move fuel from the Cypriot Cronos area, which holds 3.1 trillion cubic toes (tcf) of confirmed fuel reserves, to be processed at Egypt’s Zohr area services, then liquefied on the Damietta LNG plant for export to European markets. Italy’s Eni, which operates Zohr, additionally operates Cronos in partnership with the French TotalEnergies.
The MoU additionally concerned the Aphrodite fuel area, one other vital fuel discovery in Cyprus, operated by US Chevron, which can also be deliberate to ship its fuel to Egypt for processing and export.
In October, Egypt signed with Cyprus two industrial agreements associated to the power interconnection plans, the primary is a tariff settlement, whereas the second is a dealing with, processing, and transportation settlement.
Cyprus, which assumed the Presidency of the Council of the European Union on January 1, 2026, goals to carry the EU nearer to Egypt, describing the nation as a “strategic accomplice and pillar of stability,” based on the Cyprus Mail. Badawi’s assembly with Christodoulides got here on the sidelines of his go to to Nicosia, representing President Abdel Fattah El-Sisi on the ceremony marking Cyprus’s assumption of the Presidency of the European Union.
Badawi expressed Egypt’s appreciation for the assist offered by Cyprus to Egypt on this entrance, stressing Egypt’s aspiration to proceed this coordination. He additionally prolonged an invite to the President of Cyprus to attend the opening ceremony of the Egypt Vitality Present (EGYPES) in April 2026.
On the sidelines of the go to, an Egyptian delegation met with officers from the Cypriot Ministry of Vitality, Commerce, and Business to coordinate the technical implementation of the Egyptian-Cypriot initiatives.
