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"NICOSIA, Cyprus (AP) — Cyprus and Egypt signed an agreement Wednesday that paves the way for the supply of gas to the Arab nation via an undersea pipeline that officials hope will create a regional energy hub. Cypriot Energy Minister Yiorgos Lakkotrypis and Egypt's Petroleum Minister Tarek el-Molla said the deal sets the political framework for additional commercial agreements that will determine of how, where and when the gas will reach Egypt. Hopes for energy finds in the region were buoyed last year when Italian firm Eni discovered in Egyptian waters what it touted as the largest ever gas find in the Mediterranean sea.", www.sfgate.com
"'Cyprus, Egypt sign gas export pipeline deal' on Yahoo7 Finance Australia. Cyprus and Egypt signed a deal on Wednesday paving the way for detailed negotiations on a submarine pipeline to export natural gas from the Mediterranean island to its energy-starved neighbour. Cyprus has been eager to secure alternative ways to exploit its offshore reserves after proven finds so far were insufficient to make a planned liquefied natural gas plant on the island's south coast financially viable. Cyprus Energy Minister Georgios Lakkotrypis, and Egypt's Minister of Petroleum and Mineral Resources Tarek El Molla signed the agreement clearing the way for further negotiations on construction of the pipeline from offshore fields in Cyprus's exclusive economic zone to Egypt, where the gas will be used either for domestic consumption or re-export.", au.finance.yahoo.com
"Athens (dpa) - Cyprus and Egypt are to build a natural gas pipeline between the two Mediterranean countries, Cypriot media reported on Wednesday.The countries‘ energy ministers signed the deal in the Cypriot capital Nicosia, according to state radio and Cyprus‘ largest newspaper, Phileleftheros.Natural gas reservoirs have been discovered below the seabed south of the island, with exploitation not expected to begin before 2018.", en.europeonline-magazine.eu
"NICOSIA, Cyprus (AP) — Cyprus and Egypt signed Wednesday an agreement paving the way for the supply of gas to the Arab nation via an undersea pipeline that officials hope will create a regional energy hub. Cypriot Energy Minister Yiorgos Lakkotrypis and Egypt's Petroleum Minister Tarek el-Molla said the deal sets the political framework for additional commercial agreements that will determine the details of how, where and when the gas will reach Egypt. El-Molla noted that low prices on the international gas markets have forced energy companies to slash costs and pull back on investments.", www.timesunion.com
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