In December 2018, President Abdel Fattah El-Sisi issued the Presidential Decree no. 537 of 2018 (the \u201cDecree\u201d) approving the agreement entered into between Egypt and Cyprus on 19 September 2018 to establish a direct natural gas subsea pipeline between the two countries (the \u201cAgreement\u201d).<\/p>\n
The Decree was published in the Official Gazette on 4 July 2019 after the approval of the Agreement by the House of Representative on 11 March 2019.<\/p>\n
The purpose of the Agreement is to establish a direct subsea pipeline between the two countries to export natural gas from Cyprus\u2019s exclusive economic zone to Egypt\u2019s liquefaction plants located at Edku and\/or Damietta. <\/p>\n
According to the Agreement, a joint follow-up committee shall be established for the sole purpose of following-up the activities related to the project. Such committee shall consist of equal number of representatives from the gas and petroleum ministries as well as the related entities of each party.<\/p>\n","protected":false},"excerpt":{"rendered":"
In December 2018, President Abdel Fattah El-Sisi issued the Presidential Decree no. 537 of 2018 (the \u201cDecree\u201d) approving the agreement entered into between Egypt and Cyprus on 19 September 2018 to establish a direct natural gas subsea pipeline between the two countries (the \u201cAgreement\u201d).<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"yoast_head":"\n