Middle East Economic Survey

VOL. LII

No 18

04-May-2009

EGYPT/CYPRUS

LNG Plans Unfold In The East Mediterranean, New Cyprus Bid Round This Year

Egypt is moving ahead with plans to produce LNG from a floating vessel in its Mediterranean deep waters, just as neighboring Cyprus is seeking expressions of interest for an onshore re-gasification terminal, to reduce its dependency on heavy fuel oil for power generation. Cyprus has been talking with all the North African LNG producers about a possible gas...