EU Keeps Eastern Mediterranean Gas Pipeline on New List of Priorities
MILAN, Nov 28 (Reuters) - The European Commission has maintained a proposed pipeline connecting the gas reserves in the Eastern Mediterranean to Greece via Cyprus and Crete on its new list of Projects of Common Interest (PCI) published on Tuesday.
Projects included in the PCI list have access to a fast-track permitting process and special funding.
Energy group Edison and Greece's DEPA International Projects are the sponsors of the project through their joint venture, IGI Poseidon.
The joint venture has still to take a final investment decision (FID) on the pipeline, which would connect several gas fields in the Eastern Mediterranean, including some in offshore Israel, to Greece.
The conflict in the Middle East has been a factor in delaying the decision, which was originally expected by the end of this year.
In a separate document published on Tuesday, Italy's energy authority ARERA and its fellow authorities in Greece and Cyprus said costs of building the EastMed pipeline could not be included in the national tariffs of the three countries.
The authorities also ruled out that the gas grid operators of Italy, Greece and Cyprus would have to pay compensation for the construction of the infrastructure.
Related News
Related News
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- U.S. Court Overturns FERC Approval for NextDecade’s $18 Billion Rio Grande LNG Project
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Puerto Bahia, Gasco to Build Liquefied Petroleum Gas Facility in Cartagena, Colombia
- Sempra's Costa Azul LNG Project Delayed by Labor Issues
Comments