AFP: Egypt eyes Cyprus’ untapped natural gas riches

Cyprus and energy-starved Egypt agreed Tuesday to speed up procedures on the prospect of exporting natural gas from the Mediterranean island to the North African country, officials said.

Egyptian Oil Minister Sherif Ismail said his country was willing to receive as much gas as Cyprus is able to export.

“Egypt has a very huge (natural gas) infrastructure and can accommodate the production coming from Cyprus,” Ismail told reporters in Nicosia.

Egypt had a shortfall of about 700 million standard cubic feet that needed to be met by imports, Ismail said after talks with Cypriot Energy Minister George Lakkotrypis.
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