Cyprus and Israel are in talks to build a pipeline from Israeli fields to Vasilikos on the Mediterranean island’s south coast, newly appointed Cypriot Energy Minister George Papanastasiou said this week. While not providing many details, the minister said that two large industry players had expressed an interest in the potential project.
MEES learns the two firms the minister is referencing are trading giant Vitol, whose subsidiary VTTI owns the 545,000m³ VTTV storage terminal at Vasilikos on Cyprus’ southern coast and Greek firm Energean, which has made a slew of modest gas finds (1.24tcf total) offshore Israel which it has previously touted as being potentially exported to Cyprus (MEES, 6 May 2022). Last year Energean and Vitol tabled an idea of an FLNG to be moored at Vasilikos that would pool the Greek firm’s discoveries with Cyprus’ own gas finds, although crucially it said it could not fund the project itself (MEES, 6 May). (CONTINUED - 480 WORDS)
