EastMed pipeline project seeks offshore EPCI players

Athens, April 30 - Neftegaz.RU. IGI Poseidon has rolled out a tender for EPCI activities related to offshore sections of EastMed pipeline project. IGI Poseidon is a 50:50 joint venture between Public Gas Corporation of Greece (DEPA) and Edison International Holding.

Eastern Mediterranean (EastMed) is a 1,900 km long gas pipeline project to connect the gas reserves of the eastern Mediterranean to Greece. The pipeline project is currently in its FEED development phase.

The pipeline will have an initial capacity to transport 10 billion cubic meters per year of gas to Greece and Italy and other south-east European countries. This notice concerns the 1st phase of EastMed, in other words the 1,600 km long offshore section.

The capacity should further increase to a maximum of 20 billion cubic meters per year in the 2nd phase. The project has also been confirmed as the Project of Common Interest (PCI) by the European government.

IGI Poseidon will select 2 candidates to perform early preparatory engineering activities simultaneously with FEED. The EastMed pipeline project scope includes the following principal sections:

• from gas sources (offshore of Israel) to Cyprus, about 300 km with 2,300 m max water depth;
• Cyprus to East Crete, around 732 km with 3000 m max water depth;
• from Crete to South Peloponnese, approximately 421 km with 1,370 m max water depth;
• crossing Gulf of Patras, some 18 km with 110 m max water depth;
• short onshore pipeline sections connecting stations to respective landfalls at Cyprus and Crete.

According to the EastMed pipeline tender documents, value of the contract is € 2.4 billion. The tender will remain open until 15 June 2020.