Unions vow to block offshore gas unit
By Elias Hazou
EMPLOYEES of the EAC (Electricity Authority of Cyprus) yesterday vowed to block government plans for an offshore Liquid Natural Gas unit, even hinting at possible strike action.
The threat came as a ministerial committee decided earlier this week to invite tenders for an LNG floating storage unit. The Cabinet is set to endorse – or not – the decision at its next session on Wednesday.
While the government says it is committed to building an LNG land terminal in the long term, in the meantime it wants to “explore” alternative technologies such as an offshore unit.
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“The workers are obliged to stand up for what they believe is right for their organisation and their country’s economy,” he added.
“Going for a floating unit will strangle the option of a land terminal, and will make our economy dependent on foreign capital.
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Copyright © Cyprus Mail 2007
I'm not going into the politics of this but only the environmental aspects.
Natural gas (NG) is a fossil fuel. It is BAD, as a fossil fuel, possibly worse than coal, even. This can be seen here. Liquid Natural gas (LNG) is possibly the worst form of NG for a variety of technical reasons. A LNG terminal is not just a tank or two to store the stuff but it has to include a regasification plant. A floating terminal is not a good idea, from the safety point of view.
However, there is worse. The consumption of LNG proposed for Cyprus will be small, so we cannot be serviced by large tankers. Small tankers are horrendously expensive, because the loading fees at Qatar (or elsewhere) are about the same for a large or a small tanker. It takes three days to load or unload a tanker, irrespective of its size. In fact, the terminals often refuse to load small tankers because it is so uneconomical and large tankers will refuse to unload a small part of their cargo and lose an extra three days of useful service at a cost of millions/day in amortisation.
Then there is the cost. A regasification plant is horrendously expensive. Th have our own storage and regasification facility will cost the best part of a billion, if not more, at today's prices: by 2012, when it could be built, it will probably double in cost. In the meantime, we would be leasing the floating unit at hundreds of thousands/day and, as the article says, it is still rather experimental.
There is only one environmentally-friendly way of ensuring a certain supply of electricity at an acceptable cost: a EuroPR nuclear reactor. This would cover all our foreseeable needs with almost no carbon emissions until at least 2025, with the most absolute security. And it could ensure we could run desalination plants. Remember Cyprus is already amongst the worst per capita CO2 generators in Europe and the E. Med. We do not need to add to our unenvious reputation by going the LNG road.