East Med Gas Pipeline

From Global Energy Monitor
This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.
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East Med Gas Pipeline is a proposed gas pipeline in Cyprus, Israel, and Greece.[1]

Location

The pipeline's planned route goes between Israel, Cyprus, and Greece, via the island of Crete.[2]

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Project Details

  • Operators: IGI Poseidon SA[3]
  • Owners: PTT Public Company (25.00%), Egyptian East Gas Co. (22.00%), Others (17.00%), Noble Energy (13.00%), Delek Group (13.00%), Egyptian General Petroleum Corporation (10.00%)[4]
  • Capacity: 10 bcm/year[5][6]
    • Proposed capacity expansion: 20 bcm/year[3][6]
  • Length: approximately 1,900 km[7] / 1,181 mi[8]
    • Gas fields offshore of Israel to Cyprus: 200 km[6]
    • Cyprus to East Crete Island: 732 km[6]
    • Crete Island to South Peloponnese: 421 km[6]
    • Peloponnese to western Greece: 600 km[5]
  • Diameter: 24 to 30 inches, 46- 48 inches[6]
  • Status: Proposed
  • Cost: $6,188,000,000[8]
  • Start Year: 2025[7]
  • Associated Projects: Poseidon Gas Pipeline

Background

In May of 2018 the leaders of Cyprus, Israel, and Greece agreed to push ahead with a proposed pipeline that will supply east Mediterranean gas to Europe. Prime Minister Benjamin Netanyahu called the East Med pipeline a “very serious endeavor” that’s important for Europe, which is looking for new sources of energy.[1]

The proposed East Med Pipeline Project would start about 170 kilometers (105 miles) off Cyprus’s southern coast to the Greek coast, via Crete,[1][2] and is proposed to connect to another proposed pipeline, the Poseidon Gas Pipeline running offshore from Greece to Italy.[2] The East Med pipeline will have the capacity to carry up to 20 billion cubic meters (706 billion cubic feet) of gas yearly. Europe’s gas import needs are projected to increase by 100 billion cubic meters (3.5 billion cubic feet) annually by 2030.[1]

In December 2017, Energy Minister Yuval Steinitz said a study on the East Med Pipeline Project showed that the link is feasible, even though it presents technical challenges due to the depths involved. He told The Associated Press pipeline could take 6-7 years to build and that the countries involved “are serious about it.” The leaders on Tuesday also reaffirmed their backing for planned undersea electricity and fiber optic cables that will link the three countries.[1]

The pipeline was approved in 2015 for inclusion on the European Commission's Projects of Common Interest (PCI) list[2], making it eligible for public funding. According to the European Commission, "New onshore and offshore pipeline (excluding upstream pipeline section) of approximately 1870 km. The pipeline will have the initial capacity of 10 bcm/y. The total power of the compressor stations to be installed will be around 225 MW. The Metering and Regulating station at Megalopoli, once carried out, will give the potential to connect the Greek gas transmission system with the EastMed pipeline." It has already been approved for €36.5 million EUR ($40.48 million USD) of public funding through the CEF program.[9]

According to the European Network of Transmission System Operators for Gas (ENTSOG), an industry group, the cost of the pipeline would be 5.2 billion Euros (about 5.8 billion USD).[8]

In July 2020, the Israeli government ratified a multinational accord for the project. Bloomberg reported that a survey of the pipeline route is ongoing, with the aim of reaching a final investment decision within two years and completing the project by 2025.[7]

IGI Poseidon announced on May 13, 2020 that the Greek Parliament had designated the project as a Project of National Importance and of Public Interest to Greece. In that announcement, IGI Poseidon's chairman stated "The main contracts for the development of the Project have recently been awarded demonstrating that the Project’s development is on track, despite the difficult circumstances and economic upheavals caused by  COVID-19 pandemic”.[10]

The EastMed Pipeline Project third PCI list code is 7.3.1, and it's ENTSOG code is TRA-A-330.[8]

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 1.4 Israel, Cyprus, and Greece push East Med gas pipeline to Europe Times of Israel, accessed August 2018
  2. 2.0 2.1 2.2 2.3 IGI Poseidon - Eastmed accessed Jan. 11, 2020
  3. 3.0 3.1 Tugwell, Paul (January 1, 2020). "Leaders From Israel, Cyprus, Greece Sign EastMed Gas Pipe Deal". Bloomberg. Retrieved August 17, 2020. line feed character in |title= at position 41 (help)
  4. Asset Data, IJGlobal, accessed Aug. 27, 2020
  5. 5.0 5.1 "Eastmed". IGI Poseidon. 2016-02-02. Retrieved 2020-08-17.
  6. 6.0 6.1 6.2 6.3 6.4 6.5 "Works - 197398-2020 - TED Tenders Electronic Daily". ted.europa.eu. Retrieved 2020-08-17.
  7. 7.0 7.1 7.2 Alisa Odenheimer, "Israel Approves Natural Gas Pipeline Link to Europe," Bloomberg, Jul. 19, 2020
  8. 8.0 8.1 8.2 8.3 ENTSOG Ten Year Network Development Plan 2020, Annex A, Projects Tables accessed Jan. 11, 2020
  9. Pipeline from the East Mediterranean gas reserves to Greece mainland via Crete European Commission, accessed December 11, 2019
  10. "EASTMED-POSEIDON PIPELINE DESIGNATED AS PROJECT OF NATIONAL IMPORTANCE". IGI Poseidon. 2020-05-20. Retrieved 2020-08-17.

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