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Cairo hosts meeting on Arab gas pipeline tomorrow

CAIRO, May 29 (KUNA) -- Oil and energy ministers of countries involved in the Arab gas pipeline will meet here on Saturday to discuss and review the different stages of the project and lay down a timeline for its completion.
Egyptian Petroleum Minister Sameh Fahmi, in a statement to reporters on Friday, said that the meeting was to coordinate over the next phase and to support the project, which was the only Arab venture that was planned for and implemented this decade.
The gas pipeline is considered one of the most important regional gas networks, he noted, adding that it was of strategic value to Arabs and would boost joint cooperation.
Moreover, he said the Arab network would be linked to the European one, and thus would be one of the vital gas suppliers to Europe, thereby increasing trade exchange between Arab and European countries.
Moreover, he said the meeting would see the discussion of activating "agreements in principle" over the selling and purchase of gas between Egypt and Lebanon through Syria.
The meeting will be presided by Egypt, and will be attended by the oil and energy ministers of Syria, Lebanon and Jordan. (end) bna.ema KUNA 291340 May 09NNNN