Egypt: The Eastern Mediterranean's Next Natural Gas Hub?
On Aug. 31, Egypt and Cyprus signed a preliminary deal for an underwater pipeline. For Egypt, the deal is part of a broader strategy to position itself as a hub of energy development and consumption.
(Albatross via Getty Images)
A string of sizable natural gas discoveries has been made in the eastern Mediterranean Sea over the past decade, and Egypt is working to ensure that it reaps the benefits. On Aug. 31, Cairo signed a preliminary deal with Cyprus to build an underwater pipeline linking Cyprus' Aphrodite gas field...
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