Cyprus selected Vassilikos to locate three LNG Trains
The French major company, Total, is reported to have signed a memorandum of understanding (MOU) with the newly formed Cyprus National Hydrocarbons Company (CNHC) on the second liquefied natural gas (LNG) train of the Cyprus LNG project.
Through this agreement Total is joining Noble Energy (Noble) from Houston, Texas, and the Israel companies Delek Drilling and Avner Oil Operations who signed with CNHC for the first train of this Cyprus LNG project.
To be located close to Vassilikos in Cyprus, this Cyprus LNG project came up unexpectedly from the discovery of the Aphrodite field along the Israel border and close to the similar Tamar and Leviathan natural gas fields.
As a result of the first licensing round, only Noble had taken the risk to submit an offer in these sensitive territorial waters for the Block 12.
In February 2012, the Cyprus Government organized a second license round for 12 blocks.
In October 2012, the Cyprus Government awarded only four blocks:
– Block 11 to Total
CNHC awarded Cyprus LNG feasibility study to Technip
The first LNG Train should require the construction of all the infrastructures for the:
– Gas treatment
– Liquefaction units
– LNG Storage facilities
– Jetty for offloading the LNG carriers
In a second phase the Cyprus LNG Train-2 project should require only $3 billion capital expenditure.
With Aphrodite lying in deep water by 1,700 meters depth within the Block 12, Noble is considering a development with:
– Subsea wells
– Floating Production Unit (FPU)
– 190 kilometers export pipeline to Vassilikos
With Technip working on the pre-front end engineering and design (pre-FEED), CNHC and its partners, Noble and Total, are targeting a final investment decision (FID) in 2015 for Cyprus LNG project to start commercial operations in 2019.