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    Reuters: Cyprus gas field to produce 8 bcm a year with pipeline to Egypt

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Summary

Noble Energy and Delek Group, the partners in the Cypriot Aphrodite project, say they plan to build a pipeline to bring 8bcm of gas to Egypt a year

by: Erica Mills

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Press Notes, Africa

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Reuters: Cyprus gas field to produce 8 bcm a year with pipeline to Egypt

The Aphrodite natural gas field off Cyprus is commercially viable and plans call for producing 8 billion cubic metres (bcm) a year and construction of a pipeline to Egypt, the partners behind the project said on Sunday.

Cyprus, which required an international bailout in 2013, is hoping for an economic turnaround based partly on offshore reserves.

Read the full article HERE.

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