ENTSOG Southern Corridor (SC) Gas Regional Investment Plan (GRIP) 2014-2023 / Annex B: Infrastructure Projects

PROJECTED CAPACITY INCREASES Interconnection Interconnector CY-GR (Trans-Med)

Capacity (GWh/d)

From Zone Hub Greece Hub Cyprus

To Zone

Modelled Direction Yes exit Yes entry

29.00

Hub Cyprus Hub Greece

237.00

DESCRIPTION OF THE PROJECT

An offshore natural gas pipeline connecting the offshore natural gas fields in Levantine Basin (Cyprus, Israel) to South Eastern Europe (Bulgaria) or to Italy via Greece. Same project as TRA-N-054 sponsored by the Government of Cyprus.

EXPECTED BENEFITS

Security of Supply, Market integration (Cyprus, Greece, Italy, Bulgaria, Romania, Hungary, FYROM, Serbia, Albania, BiH, Montenegro), Reverse Flows, Diversification of sources, Diversification of routes, N-1 National (Cyprus, Greece, Italy, Bulgaria), N-1 Regional (NSI East Gas), Back-up for renewables. The main objective of the project is to capitalise on the recent offshore discoveries of natural gas in the Eastern Mediterranean. As a direct result the pipeline will constitute a new source for Europe which diversifies the supply source, the supply route and the counterparts to Europe with a capacity of around 8-9bcm/y. Furthermore, the project aims to avoid other transit countries which are part of the current Southern Gas Corridor options and further minimise the security of supply risk. The diversification of supply source and route will enhance significantly the security of supply of Europe, specifically affecting the Southern Gas Corridor Group, the NSI South Eastern and Central Europe Group and the NSI Western Europe Group. The project will promote the integration of the market and gas to gas competition and will complement the existing options of the Southern Gas Corridor. Furthermore the project will alleviate the isolation of at least one MS (i.e. Cyprus) as well as possibly contribute to the alleviation of isolations within a MS (as an example the pipeline may allow the opportunity to alleviate the isolation of Crete from the rest of the Greek national gas grid).

COMMENTS ABOUT THE PROJECT FINANCING Public financing

Private financing

Multilateral financing

Southern Corridor GRIP 2014–2023 Annex B |

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ENTSOG TYNDP 2013-2013 - Annex A