The prospect of a Cypriot LNG export terminal took a big step forward this week with the partners in Israel’s 19 tcf Leviathan field proposing to build a 200km pipeline connecting the field to Cyprus’ favored site at Vasilikos on the island’s south coast.
The pipeline would be built as part of an offer by the Leviathan partners (led by US firm Noble Energy and Israel’s Delek – see p6) to supply Cyprus with “interim” gas supplies until the island’s own 5 tcf Aphrodite discovery can be developed. Any Leviathan-Vasilikos pipeline would also greatly advance the economics of developing nearby Aphrodite, also operated by Noble. (CONTINUED - 660 WORDS)
