Earlier this week (17/5/2023), Cypriot Energy Minister Giorgos Papanastasiou announced his plans to visit Israel soon to discuss an arrangement to build a gas pipeline linking both countries’ offshore fields.
However, the project is expected to create some uncertainty among international oil companies (IOCs).
Tactical Report has prepared a report (246 words) that highlights the details behind this major EastMed development project, including:
- The different views between oil majors regarding the project
- The blocks that will be interconnected with the projected pipeline
- The possibility of including other EastMed countries in the project
The report also includes the U.S. view of this project and Cypriot-Israeli talks regarding finalizing a solution to their Aphrodite field issues.