Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC

EMGC '18: Cyprus to import gas via FSRU to meet EU GHG targets

NICOSIA—Day 2 of Gulf Publishing Company's Eastern Mediterranean Gas Conference (EMGC 2018) in Cyprus kicked off with a keynote presentation by Dr. Symeon Kassianides, Chairman of The Natural Gas Public Co. (DEFA) of Cyprus. Dr. Kassianides spoke about the proposal to establish a floating storage and regasification unit (FSRU) to import gas to Cyprus for use in power generation.

The target for first gas is 2020. In light of this tight deadline, which is motivated by Cyprus' need to meet EU greenhouse gas (GHG) emissions limits, DEFA is working with Cyprus' energy ministry and EU organizations to move quickly on the project.



Dr. Symeon Kassianides, Chairman of The Natural Gas Public Co. (DEFA) of Cyprus


CyprusGas2EU Project scope. The FSRU project—known as CyprusGas2EU—stems from the European Commission's €7.5-MM CEF Syngery ("CYnergy") Project, which is concerned with the establishment of an integrated storage, transmission and distribution system for natural gas in Cyprus in the forms of LNG and CNG. CYnergy, which has been 60% funded, aligns with the CyprusGas2EU Project's supply target date of 2020.

The CyprusGas2EU Project has successfully secured environmental licenses and intergovernmental licenses (e.g. Greece). Consultations with all Cypriot operating financial institutions have been held, and a grant of €101 MM has been secured to fund 40% of the CyprusGas2EU project.

CyprusGas2EU would help remove internal bottlenecks in Cyprus to end the Republic's energy isolation and allow for the transmission of gas from the Eastern Mediterranean. Dr. Kassianides said that under the project proposal, gas imported to Cyprus through an FSRU would be used for power generation at three independent power companies—Dhekelia, Vasilikos and Moni—as well as subsequent use for industrial and transport fueling. Gas would be delivered first to Vasilikos, where a license has already been granted for marine works.

The project will also encourage market synergies between Cyprus and other EU member states, such as Greece and Italy, and establish a fully integrated internal energy market that will help reduce GHG emissions and comply with the EU's 2020 target.

Project progress to achieve first gas by 2020. The infrastructure scope would include the acquisition of an FSRU; the construction of a jetty, berthing and mooring equipment, and a jetty-borne pipeline; and the installation of an onshore gas pipeline and aboveground facilities, including an onshore pressure reducing and metering station. A feasibility study for the pipeline was completed in 2012, outlining a route to minimize environmental, social and other impacts.

The next steps for the CyprusGas2EU Project, explained Dr. Kassianides, include two tenders—one for the supply of gas by 2020, to be announced by 2Q 2018; and one for the FSRU, marine works, and infrastructure works. An open season process will be initiated this year to determine demand by all users and to establish committed gas volumes. Preparatory work for land acquisition is also in progress.

Dr. Kassianides also named a number of other, related projects under consideration, including LNG bunkering, gas delivery to industrial and urban sectors under the CYnergy scope, gas use for road transport, and LNG and gas delivery to remote locations.

EMGC 2018 is taking place at the Hilton Cyprus in Nicosia, Cyprus, from 21–22 March.

Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo


Editorial Comment
-Adrienne Blume
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
- Energy Web Atlas
Since market reforms first started in 1978, China has shifted from a centrally planned economy to a market-based economy, experiencing rapid economic and social development.
Industry Perspectives
-Eugene Gerden
Russia aims to ally with Qatar in LNG competition with Australia and other LNG-exporting majors over the coming years.

Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants

View On-Demand

Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications

May 22, 2018 10am CDT

View On-Demand


Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Holdings LLC.