Cyprus and Israel are in talks over the construction of a pipeline linking their offshore gas fields, Cyprus’s energy minister said on Monday 15 May.
However, George Papanastasiou appeared to play down prospects for an ‘EastMed’ pipeline taking eastern Mediterranean gas to continental Europe, saying a shipping corridor could be set up instead from a hub in Cyprus to transport liquefied gas.
“Our objective is low-cost electricity production … so natural gas should come from the area,” Papanastasiou told journalists after briefing an opposition party on the energy plans of the new administration, elected in February.
Papanastasiou, who held senior posts in the oil and gas industry before his ministerial appointment in 2023, said Cyprus would host a workshop with industry stakeholders on 29 May. He said a liquefaction plant could take about 2.5 years to build, and a pipeline with Israel about 18 months.
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