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Friday, May 19, 2023

Cyprus-Israel: Pipeline project creating uncertainty among IOCs?note

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. 


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