Cyprus-Forum.com

[Kikapu]

Moving ahead and bypassing Turkey...

Israel, Greece, Cyprus mull energy corridor

Israel, Greece and Cyprus are to set up working groups to examine the possibility of a power cable and an energy corridor connecting the countries. This was agreed at a meeting held today in Cyprus between Minister of Energy and Water Resources Uzi Landau, the Cypriot minister of industry and commerce and the Greek deputy energy minister.
The energy corridor is intended to enable future exports of gas from Israeli and Cypriot reserves to Greece via a pipeline, liquefaction installation, or other technology.

http://www.globes.co.il/serveen/globes/docview.asp?did=1000797089

Of course they have to look for alternatives this is expected but none with be a practical and economical as going through Turkey into the EU.

It all depends how much gas is found. If the amount found is worth billions and billions and billions of Dollars, then over a very long period of supplying gas to Europe, it will be cheaper for the RoC to make the initial high cost investment to either pipe the gas through Greece or turn it into liquid in Cyprus than pay Turkey's asking price to have it transiting it's territory, not to mention dirty political problems that Turkey can cause the RoC and the EU. Until Turkey respects RoC's sovereignty 100% and /or is also a EU member, there's no way in the world Gas can go through Turkey, considering the fact, Israel also has a say in how their gas reaches the EU. The other advantage of pipes going through Greece (Crete), will also one day carry gas found in Greece's EEZ to the EU.

[Maximus]

but whatever happens, the gas will still get to market without Turkey needing to be in the equation.

[repulsewarrior]

...we have said before, who gets to the Gaz first, wins.

[Demonax]

DP

[Demonax]

Of course they have to look for alternatives this is expected but none with be a practical and economical as going through Turkey into the EU.

Turkey will have to agree a settlement on reunifying the island before Cyprus will even consider piping gas to Turkey. Even then I doubt that Turkey will be trusted with Cypriot and Israeli gas.

In the meantime Cyprus has plans to build an LNG plant to process reserves Israel has discovered offshore and those Cyprus has confirmed nearby. It would allow gas to be exported from Cyprus by tanker to Western Europe.

In the long term, as Kikapu said, a pipeline to Greece depends on how much gas is found.

[repulsewarrior]

...how much in Syria, Lebanon, Egypt, others,

[Viewpoint]

Hey people you are all forgeting that water is life not gas, you can live without gas but try and live without water for 10 days as we will see the result. As we all know the water levels are dropping fast and this island which was once known as the Green Island has become very arid and brown, this pipeline of water supply means a life line and the possiblities it brings with it so belittling does nothing for your creditbility, the south can propser with gas and we can prosper with water. Good luck to everyone the bottom line is everyone wants to live in peace and live their life to a good standard with being forced to do anything against their will or be dominated by a system which discriminates and makes their life hell, which would be case if one side were forced to live in a united island under the rule of the other.

[Viewpoint]

the water venture is stale in its current state. Whereas, selling the water as a true export to the republic of Cyprus is a lot more profitable.

so far, the Turks are going to sell it to "themselves" and the Greek Cypriots have got by just fine without buying Turkish water but it may likely be a cheaper option for the Greek Cypriots for a double sided benefit.

there is so much potential and it is also such a shame.

Havent you been reading the press its been reviived and due to becom active in 2014 just as you plan to seel your gas.

[Viewpoint]

Moving ahead and bypassing Turkey...

Israel, Greece, Cyprus mull energy corridor

Israel, Greece and Cyprus are to set up working groups to examine the possibility of a power cable and an energy corridor connecting the countries. This was agreed at a meeting held today in Cyprus between Minister of Energy and Water Resources Uzi Landau, the Cypriot minister of industry and commerce and the Greek deputy energy minister.
The energy corridor is intended to enable future exports of gas from Israeli and Cypriot reserves to Greece via a pipeline, liquefaction installation, or other technology.

http://www.globes.co.il/serveen/globes/docview.asp?did=1000797089

Of course they have to look for alternatives this is expected but none with be a practical and economical as going through Turkey into the EU.

It all depends how much gas is found. If the amount found is worth billions and billions and billions of Dollars, then over a very long period of supplying gas to Europe, it will be cheaper for the RoC to make the initial high cost investment to either pipe the gas through Greece or turn it into liquid in Cyprus than pay Turkey's asking price to have it transiting it's territory, not to mention dirty political problems that Turkey can cause the RoC and the EU. Until Turkey respects RoC's sovereignty 100% and /or is also a EU member, there's no way in the world Gas can go through Turkey, considering the fact, Israel also has a say in how their gas reaches the EU. The other advantage of pipes going through Greece (Crete), will also one day carry gas found in Greece's EEZ to the EU.

Going through Greece is not practical apart from the very high initial cost such a piplines technical risks are very high and would always be prone to closure and dange rin international waters, its always best to transport gas via land which means the best route is through Turkey but for political reasons this may not be an option as Turkey may not accept such an offer or the Gcs may think with heatrts rather than their heads and as they are doing now plan for transportation via other more expensive routes such as Israel an area also prone to very high risks due to its own political problems.

[Viewpoint]

but whatever happens, the gas will still get to market without Turkey needing to be in the equation.

You are right but highly priced gas will not find any buyers when countries can easily buy cheaper from countries who can transportt their resources far more cheaply.