Israel-Cyprus-Greece Gas Pipeline Looking Like A Pipedream

Greek utility DEPA closes a tender for a feasibility study for its proposed pipeline to carry gas from Israel through Cyprus to Greece on 16 April.

Most observers view the ambitious plans as uneconomic – a pipeline to Greece is not among the four options under consideration by US firm Noble, which holds all the Israeli and Cypriot gas reserves earmarked.

But DEPA international deputy head Dimitrios Manolis says the planned 8 bcm/year (750mn cfd) ‘Eastmed Pipeline’ is technically and financially feasible. According to DEPA’s estimations the pipeline would stretch from Israel’s Noble-operated 19 tcf Leviathan field to Greece and onto European markets (via Italy) through the existing IGI-Poseidon pipeline (see map). (CONTINUED - 440 WORDS)