⚠️Opinion: Why the best Eastmed O&G projects is a 🇬🇷 Greek project in 1⃣1⃣ points:
1⃣ 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
2⃣ the end of the pipeline doesn't mean Eastmed gas is no more strategic. It is, the pipeline is not
3⃣ 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)
4⃣ The project is very clever/feasible because:
5⃣ lower CAPEX (smaller size/closer to market/exploits some existing midstream infrastructures/shallow water)
6⃣ lower OPEX (shorter pipeline/mid stream infrastructures O&M)
7⃣easier to exploit and smaller/realistic reserves
8⃣ doesn't need to connect enormous/still unproven/internationally spread/unknown cost reserves (not realistic approach)
9⃣safer 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
1⃣1⃣ The alternative is betting on an impossible pharaonic project, with the result of letting undeveloped and unexploited Eastmed gas.
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