Modelled Direction
Yes
exit
Yes
entry
Project Financing structure not yet finalized
Project Financing structure not yet finalized
Project Financing structure not yet finalized
DESCRIPTION OF THE PROJECT
Transmission pipeline for the transport of natural gas from the Levantine Basin into Greece’s National Gas Transmission System, through Cyprus.
Gas could be then transported, using existing or new/upgraded transmission networks/pipelines, through mainland Greece to the Central Eastern and South Eastern Europe (not part of current project).
The proposed gas transmission pipeline will have a total length of around 1,400km and could allow for reverse flow. Other relevant project infrastructure (facilities) includes three compressor stations – one located onshore Cyprus, the
second onshore Crete (Greece) and the third onshore mainland Greece.
EXPECTED BENEFITS
Security of Supply, Market integration (Mediterranean and South-Eastern Europe), Reverse Flows, Diversification of sources, Diversification of routes, N-1 National (Cyprus), N-1 Regional (South-Eastern Europe), Biogas, Project has
significant impact on cross-border transmission capacity between Greece and Cyprus.
Project establishes a new connection and contributes to the interconnection of Cyprus with the European Grid, through Greece, thus also eliminating the isolation of Cyprus from the Internal Energy Market (by allowing for reverse flow).
Project provides for additional capacity able to cover peak demand and daily demand, as well as for reverse flow.
Enhanced flexibility is also offered since the project involves gas transmission through an additional route, source and counterpart.
COMMENTS ABOUT THE PROJECT FINANCING
Public financing
Private financing
Multilateral financing
Interconnector CY-GR (Trans-Mediterranean)
222.49
Hub Cyprus
Hub Greece
47.68
Hub Greece
Hub Cyprus
PROJECTED CAPACITY INCREASES
Interconnection
Capacity (GWh/d)
From Zone
To Zone
ENTSOG TYNDP 2013-2013 - Annex A
Southern Corridor GRIP 2014–2023 Annex B |
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