Euro energy giants OK first big Cyprus offshore gas field project
Approval of a major offshore gas project in Cyprus points to future new natural gas supply capacity.
Source →The trace
How it reaches your house.
Starting from BP plc, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Shell plc →Stands to benefitBG Cyprus Ltd.
Shell's 35% non-operated interest in BG Cyprus means approval of the Aphrodite project raises the value of that asset and its future gas supply potential.
“BG Cyprus Ltd. holds a 35% non-operated interest in the Cyprus Offshore Block 12, containing the Aphrodite gas field in the eastern Mediterranean.”
78% confidenceCited →Gazprom (ПАО Газпром) →supply upNatural Gas (Pipeline-Grade, >95% Methane)
Cronos adds future LNG export capacity into Europe, which should increase availability of pipeline-grade natural gas and ease this input market.
69% confidenceBP plc →supply upHop 2
Natural gas wellhead production →supply upNatural gas wellhead production is the direct supply input for home natural gas, and this edge is marked critical with dependency_strength=1, so added offshore capacity should raise availability.
93% confidenceNatural Gas (Pipeline-Grade, >95% Methane) →Prices easeMore future gas supply should ease fuel costs for gas-fired generation, reducing residential electricity prices.
75% confidenceNatural Gas (Pipeline-Grade, >95% Methane) →Prices easeHop 3
EQT Corporation →supply upNatural Gas (Pipeline-Grade, >95% Methane)
Cyprus offshore gas adds future pipeline-grade natural gas supply, which should modestly increase availability of EQT's pipeline-grade gas input.
63% confidenceNatural gas (home) →Prices easeLNG peak-shaving and import facilities
Incremental offshore gas supply can substitute for imported or peak-shaving LNG, lowering utilization and economics for import facilities.
60% confidenceNatural gas (home) →Stands to benefitHop 4
LNG peak-shaving and import facilities →supply upNew Cyprus gas supply should make this critical natural gas input more available to LNG peak-shaving and import facilities.
78% confidenceNatural gas compressor stations & engines →Stands to benefitCaterpillar Energy & Transportation (Parent)CAT
More future gas output should increase demand for compression and engine equipment in gas development and transport, benefiting Caterpillar's energy and transportation segment with a large supply share.
63% confidenceNatural gas compressor stations & engines →Stands to benefit
Where it lands
What you buy, and what you own.
Goods you buy
Natural gas (home) · Electricity (residential)
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