A new gas agreement between Egypt and Cyprus is being viewed as a strategic development in the Eastern Mediterranean, with implications extending beyond economics to regional influence and energy geopolitics. The deal aims to transport Cypriot natural gas to Egypt for processing and liquefaction using Egyptian infrastructure, before re-exporting it to global markets, particularly Europe, amid rising demand for stable alternative energy sources. An Egyptian international political analyst, Mahmoud Hussein said the agreement reflects a qualitative shift in Egypt’s role in the regional energy landscape. He noted that Egypt is no longer acting solely as a consumer or transit country, but is seeking to establish itself as a regional hub for gas collection, liquefaction, and export. READ: Egypt begins energy-saving measures […]
This article was sourced from Middle East Monitor.
Read Full Article on Middle East Monitor →![A view of oil platform as searching continues for oil and natural gas offshore the Red Sea in Ras Behar region, Egypt on January 29, 2023. [Stringer - Anadolu Agency]](https://www.middleeastmonitor.com/wp-content/uploads/2023/02/AA-20230223-30386665-30386663-OIL_AND_NATURAL_GAS_SEARCHING_OFFSHORE_THE_RED_SEA_IN_EGYPT.jpg)
