Global Investment Firms Show Interest in Funding Cyprus Gas Pipe
- Four financial firms in contact with Cyprus govt on pipeline
- Pipe would transport Cyprus gas to Shell’s LNG plant in Egypt
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Four major investment firms expressed interest in financing the construction of a pipeline that would transport natural gas from Cyprus to Egypt, according to a Cypriot official involved in the country’s energy sector.
The banks and investment houses asked the Cypriot government for more information on the progress of the Aphrodite reservoir, whose gas Royal Dutch Shell Plc is considering buying for its facility in Egypt, said Sofronis Papageorgiou, head of commercial affairs at the Cypriot embassy in Israel. He declined to disclose the names of the firms.