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

UGS - GR - DESFA/South Kavala PROJECTED CAPACITY INCREASES Interconnection

Capacity (GWh/d)

Hub Greece From Zone

To Zone

Modelled Direction Yes entry Yes exit

55.00 44.00

Storage Greece

Storage Greece

Hub Greece

DESCRIPTION OF THE PROJECT

The project is aiming to the conversion of the South Kavala offshore natural gas reservoir to an Underground Gas Storage facility. - The South Kavala field is an almost depleted reservoir, which is a turbistic sand package at a depth of 1,720 m, contained between a sequence of evaporites. - The license for the development and operation of the UGS of South Kavala will be attributed through a tender procedure, expected to be launched by the Hellenic Republic Asset Development Fund (HRADF) to which the rights over the field have been transferred by the State. The right to exploit the nearly depleted gas field of South Kavala is held, until 2014, by Energean Oil & Gas S.A.

EXPECTED BENEFITS

Security of Supply, Diversification of sources, N-1 National (GR), N-1 Regional (GR-BG-RO).

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