On the occasion of the signing of the Intergovernmental Agreement, between the Republic of Cyprus and the Arab Republic of Egypt, concerning a direct submarine natural gas pipeline, I welcome to Cyprus my good friend, Egypt’s Minister of Petroleum and Mineral Resources, Mr Tarek El Molla, as well as his associates. I also extend a warm welcome, on behalf of the Government of Cyprus, to the Head of the International Relations and Enlargement Unit, of the Directorate-General for Energy of the European Commission, Mrs Anne-Charlotte Bournoville, and, of course, to the representatives of our partners in the “Aphrodite” natural gas field, the consortium of Noble Energy, Shell and Delek.
Today’s signing is an important milestone, not only for Cyprus but also the entire Eastern Mediterranean region. It constitutes, for Cyprus, another crucial step towards its goal to efficiently exploit the underwater wealth in its Exclusive Economic Zone (EEZ), and specifically gas from “Aphrodite”, for the benefit of all Cypriots. In addition, it reinforces the joint efforts by the countries in the Eastern Mediterranean to establish the synergies required for attracting the multibillion infrastructure investments for hydrocarbons production and transport.
