Egypt's Itkou and Damietta pure gasoline liquefaction terminals are for the Republic of Cyprus and the managing corporations, the specified locations for Cypriot pure gasoline, stated the Minister of Power, George Papanastasiou.
Talking to the Morning Route, he stated that in his assembly with the brand new Minister of Petroleum and Mineral Sources of Egypt, he analyzed the vitality coverage of the Republic of Cyprus.
He identified that there was a dialogue in regards to the vacation spot of pure gasoline from the “Saturn” and “Aphrodite” fields to Egypt's two liquefaction terminals, which he stated are under-utilized and working at 20%.
Referring to the planning for the “Kronos” discipline, Mr. Papanastasiou stated that the event and manufacturing plan is anticipated to be submitted in November, whereas it’s estimated that within the first half of 2027, the primary Cypriot pure gasoline will come to the floor and probably to the markets.
Concerning the “Aphrodite” deposit, the ultimate improvement and manufacturing plan is anticipated to be filed quickly and instantly after the ultimate choice on the funding.
He identified that the ultimate design will embody the floating manufacturing unit.
Supply: Radio RIK
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