General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
Cyprus and Egypt are reportedly on the verge of closing an agreement over terms of an underwater gas pipeline between the countries that would bring fuel from Cyprus’ Aphrodite field onto Egyptian shores and then to a Liquefied Natural Gas (LNG) facility in Idku.
The agreement could be signed this week, the Cyprus Mail said, to wrap up an inter-country gas export-import pact.
Energy minister Yiorgos Lakkotrypis will be signing the deal with his Egyptian counterpart Tarek El-Molla, most likely in the Cypriot divided Capital of Nicosia.
The agreement merely facilitates the pipeline crossing maritime zones of the countries, energy analyst Charles Ellinas told the paper. “It’s not a commercial deal, it’s a political deal,” he stressed.
“The agreement covers legal, tax, regulatory and environmental issues between the two countries for a pipeline project. Pipeline standards and specifications in Egypt may be different to those in Cyprus. Or taxation, since this is effectively an export-import deal,” but would not apply to any pipeline project, with the difference unexplained.
It has nothing to do, for example, he said, with issues such as the the price at which the gas would be sold, which is up to the companies owning the Aphrodite gas (Noble Energy, Delek, Shell) and the LNG plant in Egypt.
The companies want a revision of the revenue-sharing agreement with Cyprus, the paper said, after the government areed to renegotiate the Production Sharing Contract, or PSC, for Aphrodite.
Another matter delaying the development of the gas prospect are disagreements between the Cypriot and Israeli sides.
A part of Aphrodite’s gas lies within Israel’s Exclusive Economic Zone. Since the gas in the Yishai prospect, on the Israeli side, is part of a single geological reservoir, its production depends on agreements between the countries.
Israel and Cyprus signed a delineation agreement in 2010 but haven’t agreed so far on how to develop gas reservoirs straddling both economic zones.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
CAIRO — Stalled talks aimed at securing a cease-fire in the war between Israel and Hamas are expected to restart in earnest in Qatar as soon as Sunday, according to Egyptian officials.
ATHENS - "The problem of high prices is a top priority for the government.
ATHENS - "The statements of the Turkish president regarding the illegal invasion of Cyprus in 1974 constitute a blatant distortion of the historical truth and an insult to the memory of the victims," according to Greek diplomatic sources on Tuesday.
NEW YORK — Donald Trump’s lawyers told a New York appellate court Monday that it's impossible for him to post a bond covering the full amount of a $454 million civil fraud judgment while he appeals, suggesting the former president's legal losses have put him in a serious cash crunch.
Days after a Russian missile struck near where Prime Minister Kyriakos Mitsotakis was in Odessa meeting Ukrainian President Volodymyr Zelensky, Greece moved to send more guns and ammunition to help against Russia’s ongoing invasion there.