Greek natural-gas supplier Depa has conducted a preliminary study into building an underwater pipeline between Cyprus and Greece, Environment and Energy Minister George Papaconstantinou stated.
The pipeline, which would carry natural gas from the eastern Mediterranean, would run from Cyprus to the southern Greek Peloponnese region via the island of Crete, and is “entirely feasible” from a technical aspect, Papaconstantinou told a Cypriot newspaper, according to an e-mailed transcript of his comments sent late yesterday from his Athens-based Ministry.
The project’s economic viability must be investigated, and Depa is also looking at building a liquefied natural-gas terminal as a possible alternative, Papaconstantinou said. As well as being destined for export markets, the pipeline of natural gas will serve Greece’s growing demand, he said.
Both Cyprus and Israel have discovered natural-gas reserves in their exclusive economic zones. Greece will start the process and planning with Depa and its fully owned gas grid operator Desfa SA by the end of this month.
(source:Bloomberg, Businessweek)
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