Egypt and Chevron agree to explore new East Med gas deal - REUTERS

June 21, 2022, 10:51 AM GMT+3

CAIRO/HOUSTON, June 20 (Reuters) - Egypt's state-owned gas company and U.S.-based Chevron Corp (CVX.N)on Monday signed a preliminary agreement to explore sending natural gas from offshore Mediterranean fields to Egypt for processing and export.

The memorandum of understanding signed by Egyptian Natural Gas Holding Company (EGAS) and Chevron will consider transport, import, liquefication and export of natural gas from the eastern Mediterranean, the ministry said.

Chevron two years ago acquired an about 40% stake in a massive natural gas field in the Mediteranean Sea off the coast of Israel. It also plans to drill its first exploration well in a concession area in the eastern Mediterranean in September, Egypt's petroleum ministry said in a statement.

Possible Turkish provocations near Cyprus’ gas exploration plot 6 not ruled out - IN-CYPRUS

21 JUNE 2022

Nicosia is not ruling out possible provocations by Turkey near natural gas exploration plot 6 within Cyprus’ Exclusive Economic Zone in the near future, Philenews reported on Tuesday.

This is what President Nicos Anastasiades told National Council members who met on Monday, adding that Turkey is likely to send a fourth survey-conducting vessel in the Mediterranean island’s EEZ, in full violation of international law.

Turkey continues to carry its Eastern Mediterranean provocative operations on sea into the summer, leading to an escalating war of words with both Cyprus and Greece.

Nicosia is certain that the target of the Turkish actions this time will be block 6. However, Turkey’s actions are carried out in such a way that problems do not arise with the countries whose companies are active in Cyprus’ EEZ.