(MENAFN) Cyprus and Egypt signed a deal to transfer natural gas via pipeline to Egypt.
US energy firm found that a 4.5tr cubic feet of natural gas in one prospect off Cyprus in late 2011. However, Italy's ENI and Korea's KoGas have a contract with Cyprus for exploration over three offshore blocks.
On Wednesday, the agreement was signed by petroleum minister Tarek El Molla and Cypriot energy minister Yiorgios Lakkotrypis.
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