Egypt, ExxonMobil, QatarEnergy Partner on Cypriot Gas Link
Egyptian Prime Minister Mostafa Madbouly witnessed the signing of a memorandum of understanding (MoU) between the Ministry of Petroleum and Mineral Resources (MoPMR), ExxonMobil, and its partner QatarEnergy to maximize the use of Egypt’s natural gas infrastructure and study its linkage with Cypriot gas fields.
The partnership will leverage the country’s advanced gas infrastructure, particularly its liquefaction and export facilities. Linking this infrastructure with Cypriot gas discoveries is expected to boost the economic value of gas resources and foster regional energy integration across the Eastern Mediterranean, according to a statement by the MoPMR.
Additionally, the MoU includes establishing a commercial framework aimed at maximizing the benefits of natural gas resources in both Egypt and Cyprus. This would reinforce Egypt’s role as a key hub for energy trade and circulation in the Eastern Mediterranean, while generating shared economic benefits for all parties.
Karim Badawi, Minister of Petroleum and Mineral Resources, noted that the Ministry has recently worked with ExxonMobil to capitalize on the company’s gas discoveries in Cyprus by utilizing Egypt’s infrastructure and turning those discoveries into added economic value for all parties. He pointed out that ExxonMobil and its partner QatarEnergy operate in both Egypt and Cyprus, which supports opportunities to increase investments in Egypt in light of the success of the regional integration model, Badawi added
This agreement marks a new phase in cross-border infrastructure connectivity, following existing state frameworks to link the Eni-operated Cronos field and the Chevron-operated Aphrodite field directly to the Egyptian grid.
In March 2026, Vice President of Global Exploration at ExxonMobil, John Ardill, explained that the company is assessing development options linked to gas discoveries in Cyprus’s Block 10, including the Glaucus and Pegasus fields, to transport gas to Egypt for liquefaction. QatarEnergy is ExxonMobil’s partner in the Glaucus gas field with 40% Stake.
Strategically, the pact supports the broader Egyptian-Cypriot energy corridor, which targets first natural gas exports to Europe via Egypt by 2028, as announced by the Cypriot President on May 19. This follows a comprehensive framework agreement signed between Cairo and Nicosia during the Egypt Energy Show (EGYPES) 2026, alongside a separate 15-year agreement signed by the Egyptian Natural Gas Holding Company (EGAS) to purchase the entire output of the Aphrodite development with a five-year extension option.
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المصدر: Egypt Oil & Gas
