Cyprus parliament ratifies EastMed pipeline agreement - KATHIMERINI

FRIDAY JULY 17, 2020, 16:08

Cyprus’ House of Representatives ratified on Friday the EastMed natural gas pipeline.

The agreement, which was ratified by legislators with 47 votes in favor and two abstentions, provides for the construction of a system of pipelines for the transport of natural gas from the Eastern Mediterranean to supply European markets.

The intergovernmental agreement for the construction of the EastMed natural gas pipeline was signed on January 2 in Athens between Greek Environment and Energy Minister Kostis Hadzidakis, Cypriot Energy Minister Yiorgos Lakkotrypis and Israeli Energy Minister Yuval Steiniz.

Italy fully backs EastMed - KATHIMERINI

01.JAN.2020 : 15:26

On Thursday, Cyprus, Greece and Israel will sign, in Athens, an Intergovernmental Agreement on building the EastMed natural gas pipeline, and Italy's Minister for Economic Development Stefano Patuanelli, whose portfolio includes Energy, has sent a letter of support for the project to his Greek counterpart, Environment and Energy Minister Kostis Hatzidakis.

“I would like to express my warmest wishes for the success of the initiative, which Italy continues to support in the framework of the European Projects of Common Interest,” Patuanelli mentions in his letter.

The agreement will be signed by Hatzidakis and his counterparts from Cyprus, Giorgos Lakkotrypis, and Israel, Yuval Steinitz. Cypriot President Nicos Anastasiades and the Prime Ministers of Israel, Benjamin Netanyahu, and Greece, Kyriakos Mitsotakis, will attend the signing ceremony.

Global Investment Firms Show Interest in Funding Cyprus Gas Pipe - BLOOMBERG

October 10, 2018, 10:27 AM GMT+3
Yaacov Benmeleh

• Four financial firms in contact with Cyprus govt on pipeline
• Pipe would transport Cyprus gas to Shell’s LNG plant in Egypt

Four major investment firms expressed interest in financing the construction of a pipeline that would transport natural gas from Cyprus to Egypt, according to a Cypriot official involved in the country’s energy sector.

The banks and investment houses asked the Cypriot government for more information on the progress of the Aphrodite reservoir, whose gas Royal Dutch Shell Plc is considering buying for its facility in Egypt, said Sofronis Papageorgiou, head of commercial affairs at the Cypriot embassy in Israel. He declined to disclose the names of the firms.

The Aphrodite field has sat undeveloped since its discovery in 2011, the first in Cypriot waters, but companies and regional governments are working to change that. Last month, Egypt and Cyprus signed an inter-governmental agreement to facilitate commercial deals, while the owners of the gas pool -- Shell, Texas-based Noble Energy Inc. and Israel’s Delek Drilling LP -- continue to hammer out a contract to service the liquefied natural gas plant in Egypt called Idku.

East Med Pipeline To Boost Europe's Energy Security - PIPELINE TECHNOLOGY JOURNAL

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.

Turkish Stream crosses choppy waters - NATURAL GAS WORLD

December 29th, 2016, 8:30am
John Roberts

In the second half of 2017, the world’s most modern pipe-laying barge will lay the first string of the Turkish Stream pipeline across the Black Sea from Russia to Turkey.

Despite all the vicissitudes of recent Russian-Turkish relations, including the assassination of the Russian ambassador to Turkey Andrei Karlov December 19, the two nations remain committed to laying at least one 15.75bn m³/yr pipe between Russia’s offloading terminal near Anapa and a landing site at Kiyikoy, on the Black Sea coast of Turkish Thrace.

But there is still a lot that remains uncertain. These mainly concern the question of a second string – in effect another 15.75bn m³/yr pipeline running roughly parallel to the first; the question of a connection to the Turkish-Greek border; the issue of who would be served by a second string; and the possibility of foreign partnership in the offshore component of the new system.