Israel Cyprus Gas Pipeline

This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.

Sub-articles:

FrackSwarm portal Coal terminals Coal transport and infrastructure Oil and gas pipelines LNG terminals Pipeline construction costs Methodology and data notes

Israel Cyprus Gas Pipeline is a proposed gas pipeline that would transport gas from Israeli offshore gas fields to the island of Cyprus.

Location

The proposed pipeline runs from Karish and Tanin gas fields, about 120 km off the coast of Israel, to Vassiliko in Cyprus.

Loading map...

{"type":"ROADMAP","minzoom":false,"maxzoom":false,"types":["ROADMAP","SATELLITE","HYBRID","TERRAIN"],"mappingservice":"googlemaps3","width":"400px","height":"300px","centre":{"text":"","title":"","link":"","lat":34.729806,"lon":33.29109,"icon":""},"title":"","label":"","icon":"","lines":[{"text":"","title":"","link":"","strokeColor":"#FF0000","strokeOpacity":"1","strokeWeight":"2","pos":[{"lat":33.226556,"lon":34.29286},{"lat":33.270569,"lon":34.1631357},{"lat":33.504536,"lon":33.674353},{"lat":34.398708,"lon":33.1902034},{"lat":34.746183,"lon":33.2180014}]}],"polygons":[],"circles":[],"rectangles":[],"copycoords":false,"static":false,"visitedicon":"","wmsoverlay":false,"zoom":5,"layers":[],"controls":["pan","zoom","type","scale","streetview","rotate"],"zoomstyle":"DEFAULT","typestyle":"DEFAULT","autoinfowindows":false,"resizable":false,"kmlrezoom":false,"poi":true,"cluster":false,"clustergridsize":60,"clustermaxzoom":20,"clusterzoomonclick":true,"clusteraveragecenter":true,"clusterminsize":2,"imageoverlays":[],"kml":[],"gkml":[],"searchmarkers":"","fullscreen":false,"scrollwheelzoom":false,"locations":[]}

Pipeline Details

• Owner: Energean E&P Holdings Limited
• Capacity: 4 billion cubic meters of gas per year
• Length: 215 km / 133.6 miles
• Diameter:
• Cost: US$350 million
• Status: Proposed
• Start Year: 2021

Background

Energean is seeking approval from Cyprus for the Greek oil and gas firm to build a pipeline from its Israeli offshore gas fields and import 0.5 to 1 billion cubic meters of gas a year to the island. Energean, which listed on London’s main stock exchange this year, has committed $1.6 billion to the Karish and Tanin fields which have potential reserves of 2.4 trillion cubic feet of natural gas and 32.8 million barrels of light oil and condensate. It estimates the five blocs it owns around Karish and Tanin contain an additional 5 trillion cubic feet of gas. The company has signed gas supply agreements in Israel for about 4.2 billion cubic meters of gas a year. Energean is positioning itself in the eastern Mediterranean with a newly built FPSO facility with capacity of 800 million cubic feet a day and liquids capacity of 800,000 barrels. Some Energean documents refer to the pipeline as the "Energean Cyprus Pipeline" and the "Energean Karish to Cyprus export pipeline."

The Israel Cyprus Gas Pipeline proposal was for a 200 km (124 miles) pipeline from the FPSO to Cyprus. Energean will also bid for further supply contracts in Israel, which is privatizing a gas-run power plant in Alon Tavor, and additional contracts once the country switches from coal to gas plants by 2022. Gas production from Tanin is expected after the Karish field goes online in 2022.

In November 2019 Energean estimated the total cost at US$350 million and planned to complete the pipeline by 2021. The company said it would fund the investment from its own resources, with no upfront costs involved for Cyprus.

In April 2022, it was reported that Energean had started its drilling programme in the Karish and Tannin fields with results expected in the second quarter of 2022. Pending these results, an application would be lodged with the Cypriot authorities for the subsea pipeline to run to a floating liquefied natural gas vessel (FLNG) at Vasilikos for liquefaction and then export to Europe.