NATURAL GAS: Cyprus Has New Plans for Gas Devlopment
Jun-21 07:27By: Andrew Couper
Cyprus aims to develop plans for a pipeline linking it to Israel's east Mediterranean gas fields during talks which start next month according to Reuters reports.
- A change of government has switched ideas around development.
- Instead of a 2,000 km (1,243 mile) EastMed pipeline to continental Europe, the new government is proposing a much shorter one linking Cyprus to fields off Israel.
- Once in Cyprus, the gas could be converted to LNG and shipped to Europe.
- Cyprus has limited gas demand meaning most of the gas landing in the country would end up exported into Europe.
