ANALYSIS: Unlikely Israel-Cyprus gas pipe idea could spice up Cypriot LNG tender

摘要

Energean's recent proposal to run natural gas from Israel's Karish and Tanin gas fields to Cyprus [1] via a 200-km subsea pipeline ought to delight officials in Nicosia, who are preparing to tender for supply of LNG and a floating storage and regasification unit (FSRU) to the island. Until now, LNG sellers would have seen Cyprus as a captive market. But if bidders believe they are competing against 'cheap' pipeline gas, this could drive down the bid price or improve the terms offered.