Showing posts with label
PTJ (Pipeline Technology Journal).
Show all posts
Showing posts with label
PTJ (Pipeline Technology Journal).
Show all posts
Thu, 2017-DEC-14 12:49
Admir Celovic - Mark Iden
In yet another effort to enhance European energy security by diversifying sources away from Russia, a consortium of countries including Cyprus, Italy, Greece and Israel will build an 1900 km gas pipeline from the Levantine Basin in the eastern Mediterranean to Greece and Italy in 2025.
The East Med Pipeline, as it is being called, would ship up to 16 billion cubic meters (bcm) of gas a year, roughly 5 percent of the EU annual consumption.
IGI Poseidon, a joint venture by Italian firm Edison and Greek company Depa, will build the pipeline - the longest underwater one in the world - at a cost of over €4 billion.
The EU has indicated that it will defray $2 billion, of half the cost, of the construction.
Cyprus, Israel, Italy and Greece intend to sign a binding intergovernmental agreement in 2018.
Thu, 2016-11-10 10:31
Admir Celovic - Mark Iden
The European Commission has determined after authorizing a feasibility study on a natural gas pipeline from the Leviathan offshore gas field via Cyprus to Greece would cost about $5.7 billion.
This was reported by Shaul Meridor, Director General of the Israeli Ministry of Natural Infrastructures, Energy and Water Resources. Meridor met in Athens with his counterparts from Greece, Cyprus and Italy and a senior official from the EU Energy Commission. All meeting participants expressed the desire to carry on with the project and the European Commission has recognized the pipeline as a Project of Common Interest (PCI).
The length of the pipeline examined in the feasibility study would be 1,300 kilometers - 200 kilometers in deep waters from the Leviathan field to the Cypriot gas fields and Cyprus itself, 700 kilometers to Crete, and 400 kilometers to the Greek mainland. The pipeline's diameter would be either 24 or 32 inches in various sectors and it could supply 16 BCM annually.
