Once in Cyprus, the gas could be converted to LNG and shipped to Europe. The eastern Mediterranean has yielded major gas discoveries in the past decade, Transport In Greece mostly off Israel and Egypt, with interest rising since Russia's invasion of Ukraine hit flows to Europe. Lesser Cypriot discoveries are yet to enter into production and for Energy Minister George Papanastasiou, Greece Transports a nearly four-decade energy industry veteran, Getting around in Greece his new plan provides answers. "It's a win-win," he said in an interview on Tuesday. Papanastasiou said the EastMed pipeline, which has been under discussion between Israel, Cyprus and Greece for about a decade, had not been dropped but it faced challenges. "It's a very high, cost intensive project, but there are technical issues such as the depth of sea where the pipeline needs to be laid," the minister said. Other than being shorter and faster to build, athens guided tours a 300 km link to fields off Israel will provide Cyprus with access to cheap gas, and give Israel another export outlet in addition to Egypt. The projects had the backing of Israeli Prime Minister Benjamin Netanyahu and Cypriot President Nikos Christodoulides, Papanastasiou said. "There will be two technical committees with experts from both sides, starting the conversation in July. The first committee will be gas and hydrogen, and the second committee electricity," Papanastasiou said. Being able to potentially carry hydrogen, considered a clean fuel, made the pipeline a project which would be eligible for future financial support from institutions such as the EIB or EBRD.
Both have stopped financing fossil fuel projects. "As soon as we develop the technologies and we have enough green power generation then the pipelines can be used for hydrogen transportation," Papanastasiou said. With estimated gas needs in Cyprus of only 0.7 billion cubic metres, the government also wants liquefaction facilities which Papanastasiou said would encourage investors and Transport In Greece enable the gas to get to the "most thirsty market" right now of Europe. Cyprus and Israel are also looking at expediting a link of their electricity grids via a subsea cable, he added.
(Reporting by Michele Kambas; Editing by Alexander Smith)
O.A. Kneppes Veg 213
Related ads
Reliable Guidance For Sprucing Your Home
All homeowners realize that owning your own house can be expensive, but usually takes plenty of serve as properly! The average amount a property owner should expect in annual home improvements is 1 to 3 %. Fortunately, there are so many options to save…
Ομπάμα Ομπάμα εταιρείες ντετεκτιβ Ο Λευκός Οίκος φωτίστηκε με ροζ χρώματα
ντετεκτιβ Με ροζ χρώμα φωτίστηκε ο Λευκός Οίκος με αφορμή τον μήνα πρόληψης κατά του καρκίνου του μαστού που ξεκινά σήμερα και την...... Ο Λευκός Οίκος φωτίστηκε με ροζ χρώματα ντετεκτιβ Αφορμή η Παγκόσμια Ημέρα κατά του καρκίνου του μαστού Με ροζ…
Paid online survey in the philippines - Is it a Scam?
Maybe you have considered generating massive income online? When you have, you then should think about getting paid to do studies on the web. The quick write-up here will explain more how you can earn an income with these free on line paid studies. It…
How Five Things Will Change The Way You Approach Wedding Dresses
The Right Gown For Each Body Sort You have a boyish figure, since the fullness of the costume will make you look curvier. It's also nice for pear-shaped brides, because it defines the waist and the skirt skims over the hips. Julietta assortment is one of…
Ten Extra Causes To Be Enthusiastic about Olybet Poker Review
Introduction: High stakes on-line poker is actually a lucrative profession for elite players who possess exemplary abilities, nerves of metallic, and an appetite for the excitement of online game. With astronomical amounts of income on the line, these…