The recent discovery of giant natural gas deposits in Egypt’s Zohr plot does not negate the country’s export deal with Cyprus, newly-accredited ambassador Hussein Mubarak told the Cyprus Weekly. Although Nicosia is looking into different scenarios, Cairo’s offer to import the gas from the Aphrodite plot offshore Cyprus, liquefy it in Egypt and sell it to Europe is there. “The discovery of the new natural gas at plot Zohr will not change the policy of Egypt towards Cyprus, Egypt is a huge country with huge energy needs,” Mubarak said. “Egypt has offered to import Cyprus natural gas for domestic use and also for liquefication at the plant in Egypt and then sell it to Europe, everywhere. “I think, economically, to start a liquefication plant is very costly, we already have a plant to treat it and liquefy it and sell it to Europe,” he added. The ambassador also said […]