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Cyprus gas re-export readiness
Egypt is preparing to receive natural gas from Cyprus through the liquefaction plants in Damietta and Edco, which are considered strategic assets for the petroleum sector and play a significant role as a regional hub for energy trading and commerce. The Damietta plant, which began operations in 2005, is currently ready to receive gas quantities from Cypriot fields and re-export them, with a capacity of up to 5 million tons annually, aiming to generate economic value and enhance regional competitiveness. The ministry is working to maximize the utilization of this infrastructure to boost the Egyptian economy and support Egypt’s position as an international center for gas trade.
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