The Action is part of the PCI 7.3.1 "Pipeline from offshore Cyprus to Greece mainland via Crete".
The Action includes the performance of the activities and studies in relation to the Pre-FEED (Front-End-Engineering Design) phase of the PCI Eastern Mediterranean Gas Pipeline (East Med), namely Technical Feasibility Studies, Reconnaissance Marine Survey and Economic, Financial and Competitiveness Studies.
The objective of the current Action is to provide the necessary information to producers and downstream gas market operators, allowing the assessment and possible selection of the project, as preferred export option, for part of the Levantine Basin gas resources, ensuring a new reliable source of supply via a diversified route.
The Action is expected to enhance the maturity of the project with a detailed and complete technical and economic assessment, enabling the project promoter to provide reliable data to the upstream producers and to downstream operators for the selection of the PCI as preferred export route.
The completion of the proposed Action, in case of selection as preferred export option, will allow project promoters to timely proceed with the development of the PCI and in particular with the FEED phase.
The Action is ongoing.
|Estimated cost of the action: €4,000,000
||Percentage of EU support: 50%|
|Maximum EU contribution:
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Member States involved:
Start date: May 2015
End date: March 2018