December 2021, Vol. 248, No. 12
Features
Med-Red Begins Shipments Through EAPC Pipeline Network
Special to P&GJ
Med-Red Land Bridge Company (MRLB) signed its first contract for a vessel to use the recently recommissioned 150-mile (242-km) pipeline owned by Europe Asia Pipeline Company (EAPC). The vessel was loaded with 130,000 metric tons (mt) of crude oil.
The vessel offloaded its crude in Ashkelon port for shipment to the port of Eilat, both in Israel, where it was loaded onto a very large crude carrier (VLCC) heading to the Far East.
The EAPC pipeline network provides an alternative route to transport crude oil and products, and it has the capacity to transport 1.2 MMbpd of crude. This capacity could double in the future, an MRLB statement said. The company is working on plans to add storage capacity in both Ashkelon and Eilat.
“At times where international routes are experiencing higher demand, the Med-Red Land Bridge offers a safe, economically viable and time efficient alternative,” said CEO Malachi Alper of MRLB. “Our first operation went rather smoothly, without any hiccups. This is an indication of the readiness of the pipeline and capabilities of the operating team.”
MRLB is a joint venture among Petromal, an integrated oil and gas company, Lubber Line, an international company that specializes in project investment, and AF Entrepreneurship, an Israeli developer and operator of energy projects.
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