Technical studies for Cypriot gas imports to be finished by June

echnical studies of importing gas from Cyprus will be finished by end of June, according to Petroleum Minister Sherif Ismail.

Ismail added that the results of studies will determine the possibility for involving the private sector as a partner in the importing process.

The Egyptian Natural Gas Holding Company (EGAS) is preparing regulations for launching an independent body to control natural gas consumption. It would allow for the liberating of the energy market and make the private sector able to meet its fuel needs by itself.

During the Economic Summit held in Sharm El-Sheikh last March, EGAS signed a Memorandum of Understanding (MoU) with Cypriot company, Hydrocarbon Cyprus, to share information about building a 400km pipeline to import gas from Cyprus.