Daily Management Review

Cyprus, Greece and Israel plan to build LNG station in Cyprus


The energy ministers of Greece, Cyprus, and Israel met in Jerusalem on Monday and resolved to look into the possibility of creating an LNG station in Cyprus to manage natural gas fields in the Eastern Mediterranean, said Minister of the Environment and Energy of Greece Kostas Skrekas.

Ken Hodge
Ken Hodge
The ramifications of the international energy crisis, which has been compounded by the situation in Ukraine, were reviewed during the meeting.

According to the source, the three-sided meeting discussed the prospect of employing gas liquefaction in Egypt to transport LNG from the Eastern Mediterranean to European markets.

"In addition, the ministers agreed to investigate the subject of building an LNG station in Cyprus to maximize the use of natural gas fields in the Eastern Mediterranean," the article says.

In recent weeks, Greece, Cyprus, and Israel have discussed the prospect of constructing the EastMed gas pipeline, which was earlier rejected by the US.

Gas pipeline from the east Mediterranean EastMed is expected to be supplying gas to continental Europe from the Israeli Leviafan field and the Cyprus' Aphrodite field. The East Mediterranean Corridor was supposed to connect Greece, Cyprus, and Israel to the rest of Europe, with a proposed length of 1.9 thousand kilometers and a construction budget of €6 billion.

source: reuters.com