Friday, May 10, 2019

Energean renews Karish-Cyprus gas line bid - OIL & GAS JOURNAL

HOUSTON, May 10 2019

Energean Oil & Gas, London, has submitted an updated proposal to the Cyprus Energy Regulatory Authority to supply gas to the island nation from deepwater Karish field offshore Israel.

The operator proposes to lay a 200-km pipeline from the Energean Power floating production, storage, and offloading vessel, which will handle production from Karish and Tanin fields, to Vasilicos, Cyprus.

Energean first proposed a pipeline between the FPSO and Cyprus last year. The government rejected the proposal and solicited bids for a floating LNG import facility.

In a press release, Energean called its updated plan “supplementary to the LNG import procedures launched by the Cypriot government.” It said it has signed a letter of intent for supply of gas to “private power generation license holders in Cyprus.”

The FPSO, with treatment capacity of 800 MMscfd of natural gas and storage capacity of 800,000 bbl of liquids, is under construction at Zhousan, China (OGJ Online, Apr. 16, 2019).

Energean plans to develop Karish field before Tanin.

The fields are 40 km apart in water deeper than 1,700 m.

SOURCE