
Opinion: Why the best Eastmed O&G projects is a

Greek project in


points:

As I wrote in my older (Mar 20) analysis, "A different approach to Eastmed gas" (link ->
http://www.cybernaua.it/news/newsdett.php?idnews=8163&fbclid=IwAR0byFKhAw9r1ttYgyk0nWLOaiD48li96fYBCeixgo7Fh4xQiERvxkwe0Fo) the Eastmed
pipeline is no more a real prospect

the end of the pipeline doesn't mean Eastmed gas is no more strategic. It is, the pipeline is not

the best example is given by a

company
@Energean that, among its developments, holds its great FPSO E&P in

Israel on 2 blocks (Tanin/Karish)

The project is very clever/feasible because:

lower CAPEX (smaller size/closer to market/exploits some existing midstream infrastructures/shallow water)

lower OPEX (shorter pipeline/mid stream infrastructures O&M)

easier to exploit and smaller/realistic reserves

doesn't need to connect enormous/still unproven/internationally spread/unknown cost reserves (not realistic approach)

safer location, out of geopolitical issues

Can this be repeated elsewhere? For example

&

? Yes, Aphroditi & Alexandroupoli are the best example of local projects, but FLNG, FPSO, FPPs, small scale LNGs, can be implemented in a number of spots (not all), avoiding wasting time & opportunities and being realistic


The alternative is betting on an impossible pharaonic project, with the result of letting undeveloped and unexploited Eastmed gas.
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