Feasibility Study for the East-Med Gas Pipeline Project
Of Natural Gas Submarine Interconnector GREECE-ITALY POSEIDON (IGI Poseidon) S.A.
In recent years several large offshore natural gas dis-coveries have been made in the South Eastern Mediter-ranean basin. Monetization of this natural gas reserve could be achieved in various ways, including a subsea pipeline solution.
IGI Poseidon SA has decided to investigate the imple-mentation of a gas pipeline project to transport the natural gas from the South Eastern Mediterranean basin to the European Gas Network. The Eastern Med-iterranean pipeline project (East Med) is classified as a Project of Common Interest (PCI) status according to the provisions of EU regulation 347/2013.
IGI Poseidon SA has contracted the consortium INTEC-SEA BV – C&M Engineering SA to perform a feasibility study to assess the feasibility of the Project to transport natural gas from the offshore source to the Poseidon Project (Thesprotia prefecture in West Greece) and to identify the best configuration from technical, safety, environmental, authorization, operational and econom-ic point of view.
The pipeline will be able to carry 10 bcma providing Europe diversification and security of supply.
The Project comprises of:
Various alternate carrying capacity are under consideration:
|Project Budget: € 5.2 billion
Services Implementation Period: 2015 – 2016