Cyprus' offshore Aphrodite field signed a 15-year deal to sell natural gas to the Egyptian Natural Gas Holding Company, one of the partners in Aphrodite said on Thursday.
NewMed Energy said a binding term sheet was signed for the sale of all of the natural gas quantities recoverable from the Aphrodite reservoir with the national Egyptian gas company.
The term could be extended by another five years, Reuters quoted it as saying.
Last month, Egypt and Cyprus signed a framework agreement for cooperation on gas.
