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Cyprus Has New Plans for Gas Devlopment

NATURAL GAS

Cyprus aims to develop plans for a pipeline linking it to Israel's east Mediterranean gas fields during talks which start next month according to Reuters reports.

  • A change of government has switched ideas around development.
  • Instead of a 2,000 km (1,243 mile) EastMed pipeline to continental Europe, the new government is proposing a much shorter one linking Cyprus to fields off Israel.
  • Once in Cyprus, the gas could be converted to LNG and shipped to Europe.
  • Cyprus has limited gas demand meaning most of the gas landing in the country would end up exported into Europe.

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