Project Profile
Value: US$1.4 billion
Location: Caspian region to Italy
Length: 807 kilometres (501 mi)
Capacity: 8 billion cubic metres (280 billion cubic feet) of natural gas per year
Start-up Year: 2015
The Greece–Italy pipeline is a planned natural gas pipeline for transportation of natural gas from Caspian region to Italy. It is a part of the Interconnector Turkey–Greece–Italy pipeline. Greek gas company DEPA is responsible for the construction of Greek section. The offshore section will be constructed by IGI Poseidon SA, a joint venture between DEPA and Italian Edison S.p.A.
The length of Greece–Italy pipeline will be more than 807 kilometres (501 mi), of which 590 kilometres (370 mi) will be onshore pipeline in Greece and more than 217 kilometres (135 mi) will be laid on the seabed of Ionian Sea. The pipeline will be connected to the Turkey–Greece pipeline outside Komotini and will run to Igoumenitsa, Thesprotia. The offshore section (also known as Poseidon pipeline) will be built between Igoumenitsa and Otranto in Apulia region.
The offshore section will cost €500 million and the Greek section will cost €600 million.
The capacity of pipeline is to be 8 billion cubic metres (280 billion cubic feet) of natural gas per year. 80% of the transmission capacity will be reserved to Edison SpA, while 20% is reserved to DEPA.
Operators:
IGI Poseidon SA: Operator
DEPA (Hellenic Gas Transmission System Operator (DESFA))
Edison S.p.A.
Contractors:
Fugro Geoconsulting Ltd: Detailed Marine Survey (DMS) Contract
Penspen: FEED and EPC contract
Det Norske Veritas Ltd: Design Appraisal and Verification Services for Certification contract
C&M Engineering S.A.: FEED and EPC contract