DEPA launches tender for Eastern Mediterranean Pipeline feasibility report

20:05 10/3/2014 - Πηγή: E-Typos
Greece’s natural gas corporation DEPA has launched a tender for the provision of feasibility study services for the Eastern Mediterranean Pipeline project, which will transfer natural gas from Eastern Mediterranean deposits (Cyprus and Israel) through Crete
and the Greek mainland to Europe, the country’s Environment, Energy and Climate Change Ministry said on Monday.

The project is being promoted by DEPA, in cooperation with Cyprus's Energy, Commerce, Industry and Tourism Ministry and has been classified as a project of common interest by the European Commission.

The pipeline will have an initial nominal gas capacity of 8 billion cubic metres per year and its main sections are:

- An offshore pipeline stretching from Eastern Mediterranean sources to Cyprus (about 150 klm)

- An offshore pipeline from Cyprus to Eastern Crete (about 630 klm)

- An offshore pipeline from Eastern Greece to Peloponnese (about 400 klm)

- An onshore pipeline crossing Peloponnese (about 260 klm)

- An offshore pipeline crossing the Gulf of Patras

- An onshore pipeline crossing Western Greece (about 220 klm)

The objective of the feasibility study is to offer analytical technical data on its construction and operation and necessary economical and sustainability evaluation.
The cost will be covered by DEPA and other interested parties and entities involved in the drilling and exploitation of natural gas in the SouthEastern Mediterranean Basin while there will be efforts to that the project can be co-financed by the EU.

“The Eastmed pipeline is a reliable alternative for the extraction of natural gas of Southeastern Mediterranean to European countries. This is also proved by the strong European interest for the creation of a new energy corridor, to which I hope Greek natural gas will contribute significantly in the future," Environment Minister Yiannis Maniatis said.

"The positive results are obvious. Greek economy and the Greek consumer will enjoy an even lower energy cost, while the country will have an upgraded and powerful role in the international energy scene," he added.
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