A joint feasibility study by Cyprus and Egypt examining the technical and economic viability of a direct submarine gas pipeline connecting the two nations has been completed. The 320 km HVDC gas pipeline would enable direct export of Egyptian gas to Cyprus's LNG terminal and mainland Europe.
Project Parameters
The proposed pipeline would have a capacity of 16 billion cubic meters per annum, connecting Egyptian fields (Zohr, Nooros) to Cyprus's import infrastructure. Estimated project cost is €2.8 billion, with expected payback period of 8-10 years based on current gas prices and demand forecasts.
The study concluded that pipeline infrastructure is technically feasible, with sea depth, geological conditions, and environmental factors all manageable with existing technology.
Regional Energy Integration
The Cyprus-Egypt pipeline would create an integrated Eastern Mediterranean gas market, enabling efficient trading of gas between Egypt, Cyprus, and European markets through the Vasilikos LNG terminal. This infrastructure supports decarbonization goals while providing economic benefits to both nations.
