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Cyprus Sees Gas Deal With Egypt as Cairo Weighs Israeli Supply

  • Cyprus to sell Aphrodite gas to Egyptian LNG plants: minister
  • Noble Energy, Delek on Monday offered gas from Israeli fields
The drillship Pacific Khamsin on July 12, 2017 in Limassol, Cyprus.

The drillship Pacific Khamsin on July 12, 2017 in Limassol, Cyprus.

Photographer: Athanasios Gioumpasis/Getty Images Europe
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Cyprus is nearing an agreement to sell natural gas to Egypt, marking the second potential supply deal in as many days with the North African country vying to position itself as a regional energy hub after the startup of the giant offshore Zohr field.

Cyprus would supply Egypt from the Aphrodite field, which was discovered by Noble Energy Inc. and contains an estimated 4.5 trillion cubic feet of gas. Noble Energy, with Delek Drilling-LP, said Monday it plans to sell gas to Egypt’s Dolphinus Holdings Ltd. from Israel’s Tamar and Leviathan deposits. Egypt’s government still must approve the proposed 10-year deal for shipments from Israel, the Egyptian oil ministry said Tuesday in an emailed statement.