CAIRO, April 9 – Egypt has agreed to purchase the full output of the Aphrodite gas field in Cyprus, securing a long-term supply source as domestic demand continues to rise.
The preliminary agreement was signed by Egyptian Natural Gas Holding Company with project partners including Newmed Energy, alongside other stakeholders in the offshore development.
Production from the Aphrodite field is expected to begin around 2031, with Egypt positioned to receive the full output. The agreement also includes plans to develop a subsea gas transmission system linking the field to Egypt’s infrastructure, to be executed through a newly established entity, Aphrodite Midstream Co.
The deal comes as Egypt shifts from being a net gas exporter to a net importer, driven by rising consumption and declining output from domestic fields. The country has increasingly relied on liquefied natural gas imports and pipeline supplies from Israel to meet demand.
Recent disruptions linked to geopolitical tensions in the Middle East have underscored the need for supply diversification. Temporary shutdowns of Israeli gas fields earlier in the conflict forced Egypt to secure additional LNG cargoes from global markets.
Major international energy companies including Chevron Corporation and Shell Plc hold stakes in the Aphrodite project alongside Newmed, highlighting the strategic importance of the development.
The agreement reflects Egypt’s broader strategy to secure stable, long-term energy supplies while reinforcing its role as a regional gas hub connecting Eastern Mediterranean resources to domestic and export markets.
