Medcarrier has selected Canada's Sea NG to provide vessels for the proposed project.

“This is really a feasibility study. We need both approval from the Greek authorities and the Egyptian government to provide the gas,”a spokesman for Medcarrier said.

He said the project can only be viable if the Egyptian government allocates it natural gas for export. The proposed CNG project sees the export of between 500 million and 1 billion cubic metres of gas per annum to Greece, he added.

Medcarrier