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IGI Poseidon – Interconnector Greece to Italy Natural Gas Pipeline – Thrace - Project Profile

IGI Poseidon – Interconnector Greece to Italy Natural Gas Pipeline – Thrace - Project Profile

Synopsis

"IGI Poseidon – Interconnector Greece to Italy Natural Gas Pipeline – Thrace - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

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Summary

IGI Poseidon SA, a joint venture between Edison and Public Gas Corporation SA (DEPA), is planning to undertake the construction of a natural gas pipeline between Komotini, Greece through Ionian Sea to Italy.

The project involves the construction of a 800km natural gas pipeline which will be developed in two sections, a 600km onshore pipeline namely “IGI onshore” from Komotini to the Thesprotia Coast in the Greek territory, and a 200km offshore pipeline namely “IGI Poseidon” connecting Stavrolimenasto Otranto across the Ionian Sea.

Poseidon Co, a company formed by Edison and DEPA will develop the offshore section of the pipeline, while National Natural Gas System Operator SA (DESFA), a subsidiary of DEPA will undertake the onshore section.

In November 2005, an intergovernmental agreement has been signed between the countries of Greece and Italy. In November 2006, authorization procedure for the Italian section of the Interconnector Greece-Italy Natural Gas Pipeline has been initiated.

In January 2007, Greek Government approved the list of programmed expansions of the Greek national natural gas transmission system to include the onshore section of the IGI Project in the Greek territory. In June 2007, the authorization procedure has been initiated for the Greek section of the pipeline.

In August 2007, memorandum of cooperation (MoC) signed between Greece and Azerbaijan for mutual cooperation. In November 2007, Edison and DEPA submitted additions related to the EIA study.

In December 2007, Protocol of Cooperation signed between Italy and Azerbaijan.

In June 2008, IGI Poseidon S.A has been incorporated. In June 2008, the AEEG, RAE and the Greek Ministry of Development approved the open season procedure for the project.

In December 2008, an agreement signed between Otranto Municipality and IGI Poseidon S.A. on the construction of the landfall and the onshore facilities in the Italian territory.

In July 2009, ITGI project included in the list of the projects eligible to be funded through the European Energy Plan for Recovery. In November 2009, the preliminary environmental assessment study for the Greek section of the project has been submitted to the Greek Ministry for the Environment, Energy and Climatic Change.

In June 2010, the Front-end engineering and design (FEED) contract for offshore section of the project awarded to a joint venture of Intecsea (WorleyParsons Group Company) and IV-Oil & Gas BV.

In January 2011, IGI Poseidon S.A. awarded the Detailed Marine Survey (DMS) contract to Fugro Geoconsulting Ltd.

In August 2011, Penspen Ltd and its local partner, C&M Engineering S.A. awarded contract for the FEED and Environmental Impact Assessment (EIA) of onshore section. The consortium has been awarded the contract as a conclusion of an international tender issued in January 2011.

In December 2011, European Union (EU) announced to provide US$129 million fund under the European Energy Programme for Recovery for the offshore line.

IGI Poseidon obtained all the permits necessary for the construction in Italy and is finalizing the permitting procedure necessary for the obtainment of the construction permit also in Greece.

The project is ready for the Final Investment Decision that will be taken as soon as relevant gas resources will be available.

In November 2015, the project listed under the European Commission’s Projects of Common Interest (PCI).

In February 2016, Gazprom Management Committee(Gazprom) signed an agreement for delivering natural gas.

Stakeholder Information:
Planning Authority: Ministry for the Environment, Energy & Climate change, Greece and Ministry of Infrastructure and Transport, Italy
Surveyor (Seismic Study): Korros Engineering
Detailed Marine Survey (DMS) Contract (offshore section): Fugro Geoconsulting Ltd
FEED Contract (offshore section): INTECSEA and IV-Oil & Gas BV
FEED Contract and EIA (onshore section): Penspen Ltd and C&M Engineering SA
Supply Constractor:Gazprom Management CommitteeScope

The project involves the laying of a 800km natural gas pipeline between Komotini, Greece through Ionian Sea to Italy.

The US$1,743 million project includes the following:

1. Laying of 600km long onshore pipeline

2. Laying of 200km long offshore pipeline

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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