The Energy Triangle Israel-Cyprus-Greece vs. Gazprom: Who Who

Today, the mass media of the European and European countries are widely discussing the decision of the three states to strike at Russian Gazprom with their own gas pipeline. The matter concerns the joint construction by Israel, Cyprus and Greece of the EastMed gas pipeline, which is supposed to deliver gas to Europe from two fields: the Israeli Leviathan and the Cypriot Aphrodite. Can the appearance of this underwater gas pipeline in any way harm the Russian-Turkish gas pipeline "Turkish Stream"?

Where did the new deposits come from? Leviathan was opened in 2010. The recoverable gas there is estimated by geologists to be 453 billion cubic meters. m .. Agree, for Gazprom it is not a competitor. In the best case, this gas can provide Israel's own gas consumption for 40-50 years. True, there is another deposit found in 2009 - Tamar. But there is even less recoverable gas - about 307 billion cubic meters. m. Cypriot Aphrodite "younger". Discovered in 2011. But as befits a "lady", she is smaller than the "sea monster". A total of 170 billion cubic meters. m.

So, the total volume of gas that can be produced from two fields, as planned according to the signed agreement, is 620-630 billion cubic meters. If Europe needs about 460 billion cubic meters. m. (in 2018) is not even a minuscule. This is zilch. Gazprom annually exports to Europe up to 200 billion cubic meters of gas.

Now about the gas pipeline itself. The depths at the gas production site are 1500-2500 meters. This greatly complicates gas production. And the length of the gas pipeline itself is, naturally, taking into account that you have to bypass the economic zone of Turkey, which will not give a building permit, about 1900 km. For comparison, SP-2 is 1200 km.

Let's add here the depths along which the pipes need to be laid. The depth of the Mediterranean Sea along the EastMed route reaches 3000 meters. The cost of working at such depths increases. According to Israeli experts, the total cost of the EastMed gas pipeline will be at least $ 7 billion. Compare with SP-2. The length of the gas pipeline is 1200 km, the depth of the pipe is from 50 to 250 meters. The cost is $ 9,8 billion. The difference in the cost of gas pipelines is explained by the fact that EastMed was originally designed as a political project. The EU even allocated about $ 39 million for the design.

There is one more indicator that must be mentioned. This is the expected capacity of the pipeline. The planned capacity of EastMed is 15 billion cubic meters. However, according to independent experts, it is simply impossible to squeeze more than 10 billion out of Leviathan and Aphrodite. That is, at a comparable cost, gas from the Israeli gas pipeline will cost more.

Output? In an effort to oust Gazprom from the southern European gas market, the EU and the US are playing exactly on the side of the Russian gas giant. The created "Energy Triangle" of Greece, Cyprus and Israel cannot actually compete with Gazprom. However, its creation pushes Asian gas producers to closer contacts with the Russian concern. 

For the countries of Central Asia and Azerbaijan, there are simply no other ways to deliver their own gas to the EU, except for the TANAR (bypassing Russia) and two Russian gas pipelines - the Blue Stream and the Turkish Stream. In addition, the Energy Triangle forces Turkey to work more closely with Russia. 

Comments

[Zaurbek]

You forgot about the Turks ..... who also have access to this field. And, unlike everyone, they will have a pipeline network in their own country and in Europe.

[SRC P-15]

The Energy Triangle »Israel-Cyprus-Greece vs. Gazprom: Who Who

"The triangle will be drunk. Be it even a parallelepiped!"

[bessmertniy]

Try to build this pipeline still. I believe that the maintenance of this pipeline will be quite troublesome and expensive. The volume of gas supplied through it is unlikely to cover the needs of the Balkans alone. But this gas may not reach the main economies of Europe.

[cost]

gas pipeline israel-cyprus-greece -... Italy

[antivirus]

and the base of the triangular in terms of the pyramid - in Washington.
Who will drink three more side triangles of the pyramid?

[major147]

Quote: Zaurbek

You forgot about the Turks ..... who also have access to this field. And, unlike everyone, they will have a pipeline network in their own country and in Europe.

Hope their warships shuganuli gas scouts, and they themselves engaged in gas exploration in this field.

[Monster_Fat]

I remember that in the early 2000s, all these listed countries "went to be bosom friends", almost "brothers" in Russia .... however, since 2008, "brotherhood" suddenly, abruptly ended and "friendship" began to gradually disappear to “no”, but now, so directly “not at all and not brothers.” “Strange,” isn't it?

[bessmertniy]

Our money flowed there - that's why we were friends. And now krantik screwed. Therefore, love for Russia has weakened.

[major147]

Quote: Monster_Fat

Strange, "isn't it?

What's so strange about that? As soon as Russia began to fight for its interests and stopped the policy of "compromise", "bosom friends" who secretly spat in our backs became extremely uncomfortable.

[Professor]

Naive. The UAE and Qatar will be connected to the pipeline bypassing Syria and Turkey ...

[Pessimist22]

Well, you must first lay, connect, file, and then say, naive ...

[Zaurbek]

And if the Turks themselves start production? And they already have a pipe to Europe.

[ultra]

Quote: Zaurbek

And if the Turks themselves start production?

There are small volumes. Given the growth in gas consumption in Turkey itself, it is unlikely to remain for export.

[Zaurbek]

There is one common deposit ... whoever starts it earlier, that and slippers.

[ultra]

I don’t think everything is so simple.

[SOVIET UNION 2]

Naive. The UAE and Qatar will be connected to the pipeline bypassing Syria and Turkey ..

I don’t understand. They either tell us that oil and gas remain for 10-20 years, then they build all kinds of gas pipelines. So we need to develop alternative energy such as wind, sun and water? But they say it is not cost-effective. So burn gas? The gas will end soon! But warming awaits us and we will not need heating! No! The ice age awaits us! Without gas, will we freeze? We still have solid gas in the depths of the ocean! And there are no technologies for its extraction! A professor can explain what awaits us in the next 50 years?

[Ros 56]

Well, personally, I will no longer be, and you probably measured yourself three lives, or what?

[Professor]

Quote: SOVIET UNION 2

Naive. The UAE and Qatar will be connected to the pipeline bypassing Syria and Turkey ..

I don’t understand. They either tell us that oil and gas remain for 10-20 years, then they build all kinds of gas pipelines. So we need to develop alternative energy such as wind, sun and water? But they say it is not cost-effective. So burn gas? The gas will end soon! But warming awaits us and we will not need heating! No! The ice age awaits us! Without gas, will we freeze? We still have solid gas in the depths of the ocean! And there are no technologies for its extraction! A professor can explain what awaits us in the next 50 years?

I know for sure that there will be no Soviet Union 2. The rest is speculation. There will only be electric cars, electric planes. They will not move on kerosene. In any case, stupidly burning it.

[BARKHAN]

Quote: professor

I know for sure that there will be no Soviet Union 2

Are you a psychic? Do you see the future? The phrase "I know for sure" is very categorical ...

Quote: professor

There will only be electric cars, electric planes.

Most likely. If there are no other technologies and breakthroughs. All roofs and free surfaces will become solar panels. Again airships (airships) can come back ... Hydroelectric power stations and atoms will gain a second wind.

[Professor]

Quote: Barkhan

Are you a psychic? Do you see the future? The phrase "I know for sure" is very categorical ...

I am not a seer, but I know the "Soviet" people well.

Quote: Barkhan

Most likely. If there are no other technologies and breakthroughs. All roofs and free surfaces will become solar panels. Again airships (airships) can come back ... Hydroelectric power stations and atoms will gain a second wind.

We and there have "all roofs" in the batteries, they will simply learn how to efficiently accumulate energy.

Quote: ultra

Quote: professor

There will only be electric cars, electric planes.

Excuse me, but will we take electricity from the offshoot? Ahhhh, guessed from the windmills and the joint venture.

Nuclear energy will again become safe and popular.

[antivirus]

burning acutely is how?
someone walks in down jackets, and someone in mink coats.
prohibit and who kerosene to whom?

[ultra]

Quote: professor

There will only be electric cars, electric planes.

Excuse me, but will we take electricity from the offshoot? Ahhhh, guessed from the windmills and the joint venture.

[NKT]

I don’t understand. They tell us that oil and gas remain for 10-20 years

These are only proven reserves, but there are still resources that require exploration.
Each year there is a write-off and an increase in reserves.

The gas will end soon! But warming awaits us and we will not need heating!

You forget the chemical industry.

[Usher]

This is not a professor, but a couch expert. In fact, the whole mess in Syria because of this began.

[Sergey1987]

Quote: professor

Naive. The UAE and Qatar will be connected to the pipeline bypassing Syria and Turkey ...

Maybe that's just the planned capacity is still 15 billion cubic meters.

[ultra]

And why does Qatar? He drives LNG to Asia, and there the prices are much more pleasant than on the European market.

[rocket757]

Gazprom can only conquer the complete desolation of geyropa! Because while people live there, there is a serious industry, they will need LOT of gas, and there were no other, REAL, suppliers there!

[Aaron Zawi]

What nonsense. Has anyone compared the volumes of gas from the Mediterranean shelf with the volumes of Gazprom? Well, how can one write such headings without this?

[knn54]

Well, a little push.

[Nyrobsky]

Quote: knn54

Well, a little push.

In terms of "squeezing" the interpretation is not correct, we will rather "sweep away" our small share in the total volume of gas supplied to Europe. And by the way, this is not entirely bad because despite the fact that your gas will be more expensive than Gazprom's, it will still be cheaper than liquefied American gas, and therefore, snatching out your share, you cut the share of shale from the United States. And yet, yes, it (g / wire) still needs to be built.

[NKT]

It depends on what volumes you want to compare, according to Leviathan 2Р it’s only 453 billion m3, and 3С - about 3.5 trillion m3, less than our Bovanenkovsky (2Р ~ 5трл.m3). And do not forget about the level of production. The design capacity of Bovanenkovsky is about 150 billion m3 per year, a third of your Leviathan.

[vitvit123]

For me, the most competent comment ...

[antivirus]

and most importantly - to cut a pipe 1.5 m in diameter? or less? how to "connect" the UAE and Qatar to the small pipe?

[Far B]

Not very clear. Can you already rejoice for Gazpr and be proud of the "national treasure"? Damn cho and a bow on the side, honestly (

[Sergey1987]

Quote: Dalny V

Can you already be happy for Gazpr and be proud of your "national heritage"? Damn cho and a bow on the side, honestly (

Oh, God forbid, any author writes something well and correctly on the topic, you will not sleep badly for critics.

[Boris55]

The Energy Triangle Israel-Cyprus-Greece vs. Gazprom: Who Who

Greece already receives our gas. The northern white fox crept imperceptibly and there is no longer any triangle incl. the answer to the question of who is who, simple - Gazprom steers!

ISTANBUL, January 8 - RIA Novosti. Russian and Turkish Presidents Vladimir Putin and Recep Tayyip Erdogan officially opened the Turkish Stream gas pipeline.

[Avior]

it's as clear as two
as soon as the Greeks and others have an alternative in the sources of supply, they will begin to bring down the price one way or another.

[Odysseus]

What again has Gazprom changed? Wait more from the great victories of the SP-2 did not depart .....

[Pessimist22]

Exactly, despite his statements and announcements on SP2, Miller got bonuses anyway.

[tihonmarine]

Quote: Pessimist22

Exactly, despite his statements and announcements on SP2, Miller got bonuses anyway.

The capitalists have their own wedding, and we are discussing it. Anyway, from their table we and the leftovers will not get.

[major147]

Quote: Pessimist22

Exactly, despite his statements and announcements on SP2, Miller got bonuses anyway.

He showed you a sheet !?

[Sergey1987]

Quote: Odyssey

Wait more from the great victories of the SP-2 did not depart .....

And what do you think it will not be completed? Or didn’t they complete the TP?

[Uncle Izya]

Then Israel decided to oust Gazprom and comrades from Israel allegedly this is impossible, but the elder brother wants Europe to repel Russian gas by all means

[SOVIET UNION 2]

For good reasoning, do not FIG Europe to supply gas at all! Let them buy expensive gas! And we will use cheap. Do you need to use competitive advantages or not? Why are we so worried about the EU that we can’t even sleep? Maybe we’ll provide ourselves and our production with cheaper gas? What are we so worried about our competitors? Or are they our masters? We talk about competition, sanctions and the rise of the Russian economy and immediately sell our competitors cheap raw materials! Che somehow it is not logical all this!

[avib]

Well, somehow we need dollars and euros to buy abroad.

[major147]

Quote: SOVIET UNION 2

Let them buy expensive gas! And we will use cheap.

So they buy (compared to Russia), and we use (compared to the EU).

[ultra]

Quote: SOVIET UNION 2

For good reasoning, do not FIG Europe to supply gas at all!

There is a reasonable grain in it. Reducing the volume of exports of raw materials, and even better, a complete rejection of such exports.

[Fan-fan]

I agree that surplus gas must be sold. And as it is being done now, we are throwing all the country's resources to the construction of gas pipelines to enemies and at a cheap price we are driving them raw materials, this is wrong. Here, we would use this gas ourselves, gasify at least our population.
But the authorities are ready to sell everything to everyone, even their mother, in order to receive the treasured dollars and euros.

[ultra]

Quote: Fan-Fan

But the authorities are ready to sell everything to everyone, even their mother, in order to receive the treasured dollars and euros

So they and their offspring do not identify with our country. They are temporary workers, and they are going to live clearly in another place.

[Fan-fan]

So their goal is to fill their pockets here and then dump them from Russia, which is probably why they get dollars at all costs.

[ultra]

Well, in my opinion, this is obvious. Almost all children study over the hill, they have real estate, a residence permit, citizenship. With these people in power, our country has no prospects.

[ultra]

If we had a chemical industry, plus a 100% gasification rate for our country, then I doubt that there would be much surplus.

[Fan-fan]

But after all, the USSR was the first to build a gas pipeline to Europe and the USSR seemed to have a chemical industry. And the Kremlin brothers in the USSR did not seem to be going to flee en masse to the West, so they did not steal dollars, but still sold gas.

[ultra]

At the request of Europe, he built and at the expense of Europe, they supplied pipes and compressors. This later, when the United States imposed sanctions, the USSR began to produce large-diameter pipes. Moreover, in Khartsyzsk, on the territory of the present DNR.

[ultra]

Quote: 5678

But what for the population of the USSR needed gas? Coal is full. And firewood. But gas pipelines and gas, no, are not needed.

If you aren’t in the topic, then you’d better not write, you won’t look silly. In 1970, the USSR had 68 km of gas pipelines, 80 million people used gas in their apartments, and over the hill, at that time, they heated with fuel oil and coal.

[ultra]

I did not immediately see that the next "one-day" came out, sorry for the time spent.

[Anatoly 288]

In Bulgaria, the gas price is going to be reduced, but in our country they are only raising it. 3 midiards of debt will not be paid by Gazprom, but by the consumer. For me personally, this "national treasure" is neither warm nor cold. This is the property of a narrow group of people, and they use it.

[Keyser soze]

In Bulgaria, the price of gas is going to reduce ...

Already reduced 2 times. Both for industry and for the population. About 400 million cubic meters of LNG were imported from Schatov (through Greece) and the second time you received a discount on gas from Turkey.

[vladimirvn]

At the same time, the effective managers of Gazprom seem to have miscalculated over the pipeline gas. "Gazprom's supplies to Europe collapsed." Https://lenta.ru/news/2020/01/09/gazprom/

[major147]

Quote: vladimirvn

At the same time, the effective managers of Gazprom seem to have miscalculated over the pipeline gas. "Gazprom's supplies to Europe collapsed." Https://lenta.ru/news/2020/01/09/gazprom/

What is your post for? What are the fools sitting there? Why don’t you mention that in the EU gas storages are clogged with gas under a cork, and you need to pay for the rental of storage facilities. Here they are released. So, not deliveries to Europe collapsed, but transit.

[AlexVas44]

Quote: Pessimist22

Well, you must first lay, connect, file, and then say, naive ...

And want to spoil right now.

[mavrus]

Quote: Ros 56

Well, personally, I will no longer be, and you probably measured yourself three lives, or what?

"After us, even a flood."
I understand Louis XIV, he walked well then, and he didn’t give a damn that Louis XVI was chopped off.
But something we rejoice in the construction of gas pipelines, nothing comes from the sale of gas (and oil, too). We buy gas and oil products even more expensive than those ... to whom we sell them, although in all oil and gas producing countries it’s the other way around. Money for gas is not distributed among citizens, but settles somewhere in the amerta or is appropriated by a handful of oligarchs. So maybe a moratorium would be introduced for ten years to sell gas and oil abroad?

[Usher]

what's the point? there is no gasification in Siberia; we burn coal and firewood.

[iouris]

Quote: Usher

no gasification in Siberia

And what is not there ... And it will no longer be. "In the USSR, 16 million people are enough for us" (M. Thatcher) ... - 60 ?? "No. Exactly 16". (M. Thatcher) Something like that.

[Fan-fan]

But it’s interesting to set up boiler houses in the village and arrange steam heating or to stretch a gas pipe to the village? And it’s somehow dumb in the 21st century to heat wood and coal.

[opus]

Quote: Fan-Fan

But it’s interesting to set up boiler houses in the village and arrange steam heating or to stretch a gas pipe to the village?

1. At one time we pulled ourselves, threw off $ 3700 from the nose, there was gas, something at $ 1,80 (I don’t remember for a long time)
2. Yasen stump everything was transferred to the balance of inter-regional gas supply. The stump is clear, they put it on their balance, and then they wrote off this money again: put it in their pocket = increased their assets
3.Gas already at 6,7r (approximately, for memory)
So consider whether it is profitable for you to participate in the "national property the ruin of Russia "?
And isho:

$ 55 billion. Gazprom cost in 2004 year. Apple Inc. at that time it was estimated by the market about 2,5 times cheaper
in 2008 Gazprom was worth something around $ 478 billion

January 1, 2018 Apple’s net cash reserve totaled $ 25 billion on the same date. Gazprom’s net debt, a 24% year-over-year increase, reached a staggering amount. 2 trillion 398 billion rubles, which is equivalent to 41,5 billion dollars.

[dgonni]

Is the author trying to justify the fabulous price of sp-2? Well, it’s not necessary. Contractors earned money and transferred to offshore. Late to drink Borjomi.
With regards to not a competitor? Well, of course, by volume. But Gazprom will bite off its 10-15 lard cubes. And given that there are a dozen and a dozen there are no volumes of 200 lard cubes of sale. Accordingly, there is no income.
For payback flows are simply silent.

[opus]

Quote: Alexander Staver

According to Israeli experts, the total cost of the EastMed gas pipeline will be at least $ 7 billion. Compare with the SP-2. The length of the pipeline is 1200 km, the depth of the pipe is from 50 to 250 meters. The cost of 9,8 billion. $. The difference in the cost of gas pipelines is explained by the fact that EastMed was originally designed as a political project. The EU has even allocated about $ 39 million for design.

It seems that the article Peskov wrote, well, the one with a mustache

Comrade Alexander Staver -You would at least be shy (so hang noodles)
1. SP-2 project is PURE political, unlike EastMed, just.
Economically, it is not profitable - in general, like the Turkish stream, and the strength of Siberia
For which they were immediately dismissed: Alexander Fek and Alexander Kudrin

According to Sberbank CIB, Nord Stream-2 will cost $ 17 billion - this amount also includes land-based approaches to the gas pipeline (Gazprom estimated the project cost at € 9,5 billion). The contract for the construction of one of these approaches worth 74,6 billion rubles. without a tender, recently received Stroytransneftegaz, analysts recall.

Read more at RBC:

 Show / Hide text

https://www.rbc.ru/business/21/05/2018/5afc50979a79471ce133d69a?from=main

"Our" will be more expensive, maybe
2. If we compare the cost of laying the SP-1 pipe in the Russian Federation (population density, swamps, low salary and low cost of resources) and in Germany (urbanization beyond measure, everything is more expensive than the Russian Federation), where the cost in the Russian Federation was MANDALLY higher (who says 2, and who is 6 times) than in Germany, then SP-2 will be more expensive than 4 times than EastMed.
As proved by Sberbank CIB analytics.
because, as we have, Gazprom’s pipes are laid exclusively by Gennady Timchenko and Arkady Rotenberg
3. Again new candle the pipe factory "for some reason" suddenly appeared when the old ones are 50% full ..

Gazprom’s gas monopoly unexpectedly halted pipe purchases for Nord Stream 2 and severed tens of billions of rubles from existing contracts with metallurgists.

 Show / Hide text

https://www.vedomosti.ru/business/articles/2017/12/20/746002-gazprom

what a paradox! since 2016 everything was fine, but here, after a year or so 2a suddenly "overpriced".

Sberbank issued a billion rubles loan to Zagorsky Pipe Plant

Denis Safin + Nikolay Egorov = new favorites of Gazprom

Denis Safin

The head of the company supplying pipes for Gazprom placed under house arrest

 Show / Hide text

https://www.interfax.ru/russia/578380

Nikolai Egorov, classmate of Vladimir Putin, is one of the most influential Russian lawyers,

Partner at Egorov Puginsky Afanasiev & Partners

»
they solved the delicate questions that our authorities posed:

defending Russians accused of killing Chechen separatist leader Zelimkhan Yandarbiev in Qatar; defending Russia at the UN International Court in The Hague with Georgia. In 2015, the bureau defended the interests of the Russian Federation in the courts with the "daughters" of ExxonMobil Corp. and Indian Titanium Products Private Ltd.

 Show / Hide text

https://www.rbc.ru/magazine/2016/05/5718fad29a7947d6229f3e34

[nikvic46]

I will take a seat on the podium, and I will root for ours.

[eklmn]

“Now about the gas pipeline itself. The depths at the gas production site are 1500-2500 meters. This greatly complicates gas production. ”
Author! For Gazprom (with its sanctions) this is deep. For Shell - nothing, it has a dozen platforms in the Gulf of Mexico with such a depth of 2500m.

“Taking into account the fact that it will be necessary to bypass the economic zone of Turkey, which will not give a building permit, about 1900 km. ”
Again the author was mistaken again -
“The Exclusive Economic Zone (EEZ) is the maritime zone provided for in the 1982 UN Convention on the Law of the Sea, with respect to which the state has special rights with respect to the exploration and use of marine resources, including the generation of energy from water and wind. The Exclusive Economic Zone (EEZ) includes territory that extends either from the coast or in federal systems from the borders of the sea in constituent states (in most cases, from 3 to 12 nautical miles) to 200 nautical miles (370 kilometers) from the coast.
And here is a map of the gas pipeline. Author! Where did you find the squiggle bypassing the Turkish EEZ?
https://www.euractiv.com/section/energy/opinion/us-russia-rivalry-in-the-middle-east-is-now-spilling-over-into-the-mediterranean-sea/

“The difference in the cost of gas pipelines is explained by the fact ($ 7bn vs. SP-2 $ 10,5bn) that EastMed was originally designed as a political project.”
And again blah blah from the author! The cost is lower because a lot of land, (480 km, 1.300 km of water), another diameter, etc. In addition, the $$$ burden on member countries is lower than Gazprom alone.

“However, according to independent experts, squeezing more than 10 billion from Leviathan and Aphrodite is simply impossible. That is, at a comparable cost, gas from the Israeli gas pipeline will cost more. ”
Author! Since the cost of construction / production / transportation is lower, then you can sell at a price lower than Gazprom! Is not it?

“For the countries of Central Asia and Azerbaijan, there are simply no other ways to deliver their own gas to the EU, except for the TANAR (bypassing Russia) and two Russian gas pipelines - the Blue Stream and the Turkish Stream”
Author! The third amendment will leave Gazprom with a 1/2 pipe, i.e. 50% filling. Gazprom will beg Azerbaijan to use its pipe!

[Korg]

Meanwhile, gas prices in Europe have fallen from $ 250 to $ 150 per 31 cubic meters, and due to an oversupply in Asia and the launch of a pipe from the giant Leviathan field by Israel on December 90, prices may fall to $ XNUMX.

Those. Nord Stream 2 may never pay off.

[Shahno]

Quote: Korg

Meanwhile, gas prices in Europe have fallen from $ 250 to $ 150 per 31 cubic meters, and due to an oversupply in Asia and the launch of a pipe from the giant Leviathan field by Israel on December 90, prices may fall to $ XNUMX.

Those. Nord Stream 2 may never pay off.

Yes, I really heard that our responsible people will keep the price of gas off the shelf very low.