14 Mar 2019, Gergana Bencheva, EMIS Editor
Cairo’s parliament okays Egypt-Cyprus gas pipeline deal
The contract is also in line with Egypt’s ambition to become a gas hub in the region. According to its government, the country already has a well-developed infrastructure, a strong local demand and a strategic location between Europe and Asia.
Under the terms of the deal, Cairo and Nicosia have the right to halt gas activity in case of any health, safety and environment threat until the issue is resolved, CEEMarketWatch noted.
Sign in and read the full article in emis.com, and find out more about EMIS. Original source: CEEMarketWatch