Agreements signed by Cyprus and Egypt over natural gas

Two agreements were signed by Cypriot President Nikos Christodoulides and his Egyptian counterpart Abdel Fattah El-Sisi on Monday, concerning the exploitation of natural gas resources under the seabed in the eastern Mediterranean.

The first agreement was a memorandum of understanding signed by both Cyprus and Egypt, as well as American multinational corporation Chevron, Israeli energy company NewMed Energy, and the BG Group, which is owned by Royal Dutch Shell, and