Name: How to commercialise Cyprus' giant gas discoveries?
Brand: Wood Mackenzie
SKU: 108502
Price: 1350 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 26 April 2019

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Report summary

The Majors have enjoyed huge success in exploration since the industry downturn. Cyprus has been a bright spot in the last couple of years, with two of the largest discoveries globally – Eni's Calypso and ExxonMobil's Glaucus. However, it is unclear how stakeholders can create value from the discoveries. Exporting gas via Egypt's under-utilised LNG facilities has looked the most attractive option for several years. It is the lowest cost, fastest time to market and potentially gives access to the best netbacks. However, exploration in Egypt has also yielded big results and there are now questions around how much liquefaction capacity might be available to Cypriot resource-holders. So what are the other options?

Executive summary
- Cyprus is a global exploration hotspot
- How to commercialise the giant fields?
- A pipeline to Egypt potentially offers the best netback, but timing is everything
- Greenfield LNG gives operators control of their own destiny, but is there enough gas?
- Could FLNG make a comeback?
- The EastMed pipeline to Europe is a back-runner
- So what happens next?
- PSC amendment is required for Aphrodite to progress
- 8 more item(s)...