Volume 2
The Estimation of Gas Export Price to Egypt from Cyprus (Base Scenario)
Authors
Mitra Khaksar, Yas Malakoutian, Mohammadbagher Amjadi
Abstract
Natural gas is a kind of fossil fuel that is made when dried animals and plants are exposed to strong heat and pressure for more than 1000 years. In principle, the energy, which is deposited in the carcasses of animals and plants normally, comes from the sun that stores the carbon in the NG. However, access to natural gas sources has a direct effect on the economy. Therefore, the transfer process of this energy and finding the suitable market for it is a hot subject in the world. It should be mentioned that due to the significant reduction in natural gas supplies and an increase in domestic demand, the need to import the gas to Egypt is increasing. Accordingly, this target could be good markets for Cyprus Natural gas. The result shows that the Export gas price from Wellhead in Cyprus to treatment station in Egypt based on this study’s assumption is about $171.60 that has superiority with other prices in Egypt. Therefore, Gas pipeline construction from Cyprus to Egypt is economical.
Keyword: Pipeline, Natural Gas, Cyprus, Egypt, Export.
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