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22-05-2020 - The debate around the Eastmed pipeline is only a political issue, while in a post COVID-19 environment the pipeline project technically and economically doesn’t make much sense anymore. There are some reasons, a sum of political, technical, economical, market issues, that make the prospect quite impossible. I already explained this set of issues in my previous analysis
//www.cybernaua.it/news/newsdett.php?idnews=8013
A different solution is anyway possible, and preferable since it:
allows exploitation of smaller O&G single reserves
offers various technical solutions (FLNG, FPSO, FSRU)
is cheaper in terms of CAPEX/OPEX, an important matter in period of financial crisis
is easier and faster to install/put in operations, relying on easer upstream/midstream solutions
give the opportunity to skip major international constraints (i.e. GNA/Turkey agreement on EEZ)
Some very good examples of such solutions come from right from the Eastmed Countries: Israel, Cyprus and Greece.
There are already various examples of such solutions being implemented in Israel, Greece and Cyprus:
The Greek company Energean FPSO in Israel (Tanin & Karish)
the FLNG projects by Noble/Delek again in Israel (Leviathan)
the FSRU by Gastrade in Alexandroupoli, Greece to feed the IGB interconnector
the FSRU in by ΔΕΦΑ in Vasiliko, Cyprus
All these are perfect example of more realistic approaches to the development of still uncertain and questionably viable O&G reserves in the Eastmed.
This is the road Countries and developers should study better.

  Politica

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