East Med has high gas potential but gas finds are deep-water and expensive to develop. On top of this, there are regional markets but with finite demand. As a result, there is an increasing need to export to global markets. This applies even more so to Cyprus. That’s where Floating LNG (FLNG) comes into the picture.
This was the key topic of a recent international conference in London, during which I made a presentation on potential developments in FLNG in the East Med.
Cyprus and Israel lack gas export infrastructure. They are also fast running out of export options. That’s why FLNG is coming back into the equation.
