Eastern Mediterranean (EastMed) is a 1,900km natural gas pipeline project connecting the gas reserves of eastern Mediterranean to Greece.
The pipeline will have a capacity to transport ten billion cubic meters per year (bcm/y) of gas to Greece and Italy and other south-east European countries. The capacity is expected to be increased to a maximum of 20bcm/y in the second phase.
The $5.9bn project has been confirmed as the Project of Common Interest (PCI) by the European government. It is being developed by IGI Poseidon, which is jointly owned by Public Gas Corporation of Greece (DEPA) and Edison International Holding.
EastMed pipeline development background
The EastMed pipeline project received approvals from the Cypriot, Greek, and Italian Governments in 2015 and has been added in the second PCI list and considered in the Southern Gas Corridor projects.
In 2017, the Ministers for Energy of Italy, Greece, Cyprus, and Israel signed a joint venture Declaration to confirm their support for the development of the project.
The European government has added the project in last Ten Years Development Plan (TYNDP) of the European Network Transportation System Operators of Gas (ENTSOG), which is aimed at creating a safe transmission network capable of meeting the current and future energy needs of Europe.
EastMed pipeline project route and design details
The EastMed pipeline includes a 1,300km offshore and 600km onshore pipeline sections. It will transport natural gas from the Levantine Basin in Israel to Greece and Italy.
The project includes a 200km offshore pipeline section with a diameter of 24in that will start from Levantine Basin gas field and end at Cyprus. A 100MW compressor station will be constructed at Cyprus. A 700km offshore pipeline section with a diameter of 26in will connect the pipeline further from Cyprus to Crete Island, where a 120MW compressor station will be installed.
The final offshore pipeline section will be 400km-long and have a diameter of 26in. It will start from Crete and end at mainland Greece in South Peloponnese. The 600km onshore pipeline section will be 42in in diameter and extend from Peloponnese to West Greece.
The pipeline will have exit points at Cyprus, Crete, and mainland Greece as well as connection points with the Poseidon pipeline.
The developers carried out marine surveys to improve the accuracy of the pipeline route. The data gathered will be assessed and the pre-FEED studies will be updated accordingly. FEED activities are now ongoing to facilitate final investment decision on the project.
The project has received €2m ($2.27m) in financing under the Connecting Europe Facility (CEF) program to finance the pre-front end engineering and design (FEED) activities.
A second CEF grant worth €34.5m ($42m) was awarded for the project in January 2018, which will cover 50% of the cost of the FEED studies.
A consortium of INTECSEA and C&M Engineering along with IHS-Cera conducted the pre-FEED technical studies for the project, while JP Kenny conducted the pre-feasibility study.
Benefits of the EastMed Pipeline project
The EastMed pipeline project will improve Europe’s energy security by diversifying its routes and sources and providing direct interconnection to the production fields. It will provide an opportunity for Cyprus to merge with the European gas system, which will further enhance gas trading in the south-east European region.
The project will also support the economic development of Cyprus and Greece by providing a stable market for gas exports. It will enable the development of gas trading hubs in Greece and Italy and facilitate gas trading in south-east Europe.