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...
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