PRACTICABILITY OF EASTMED GAS PIPELINE
– Commercial, Financial, Technical, Security, Legal, Reserve and Market Sights –
Oğuzhan AKYENER / TESPAM President
Greece, Southern Cyprus Management and Israel have signed a deal for a pipeline designed to move gas from the eastern Mediterranean to Europe. This signing ceremony actually is not a new attempt regarding with the due incoherent pipeline project. More than 3 years, the due sides have been coming together, declaring the same claims about their intentions to construct such a pipeline and make smiling photos to the press but at last, nothing changes.
On the 2nd of January 2020, the triple came together again. Still, they signed new documents and agreements to show the proposed pipeline. But what changed today? Might such a project find a way to be able to be constructed?
To analyze the feasibility of gas pipeline projects, we must check and evaluate many different sights. For example,