Cyprus holds start ceremony at Vasilikos for first LNG terminal contracted to Chinese and funded by EU
Cyprus has held a foundation stone-laying ceremony at the site of the Mediterranean Island’s first LNG import terminal being built at Vasilikos port near Limassol by a Chinese company and partly financed by the European Union.
Mediterranean Island of Cyprus receives eight bids to supervise China-led LNG import terminal project
The Cyprus Natural Gas Infrastructure Co. (ETYFA) said eight bids had been received for the engineering supervision contract for the Chinese-led liquefied natural gas import project being pursued on the Mediterranean Island for power needs.
Cyprus LNG project
Dec 16 (LNGJ) - The Cypriot Government said a Chinese-led consortium had entered into a 290 million euros ($323M) contract with the Cyprus Natural Gas Infrastructure Co. (Etifa) to develop the first LNG import terminal for the Greek-speaking part of the Mediterranean island. The consortium is led by China Petroleum Pipeline Engineering and also includes Hudong-Zhonghua Shipbuilding, Greek company Metron and Norwegian firm Wilhelmsen Ship Management.
The LNG terminal, which will include a floating storage and regasification unit (FSRU), is expected to be completed by the end of 2021 or early 2022. The project has secured 101M euros in grants from the European Union under the Connecting Europe Facility (CEF), while the Cyprus Electricity Authority will contribute 43M euros to have a 30 percent stake in the project.
Chinese-Cypriot terminal
August 29 - A consortium led by China Petroleum Pipeline Engineering Corporation (CPPEC) has been chosen as the preferred bidder for the construction of an LNG terminal at Vassiliko Port in Cyprus.
The consortium, comprising Wilhelmsen Ship Management, Aktor, Metron and Hudong-Zhonghua Shipbuilding, is to build the LNG import terminal, which will include an FSRU, a mooring jetty, jetty and onshore pipelines, as well as additional ancillary facilities.
Lithuanian LNG terminal company seeks operator role in Asian bid for Cyprus facility
Lithuanian LNG and oil terminal company Klaipedos Nafta said it had joined with Asian partners from South Korea and Japan in bidding in the tender process for an LNG import terminal on the Mediterranean island of Cyprus and gave more details of consortium plans.
Klaipedos Nafta has operated the Lithuanian LNG import terminal since 2014 at the Baltic Port of Klaipeda as well as an LNG re-loading station.
The Lithuania facility is a floating storage and regasification unit under charter from Hoegh LNG.
Klaipedos Nafta said it was bidding for the Cyprus project with consortium partners consisting of South Korean companies Samsung C&T and Posco E&C as well as the Japanese shipping company Mitsui OSK Lines (MOL) and the utility Osaka Gas.
The second consortium includes Monaco-based LNG shipping company Gaslog, a unit of Spanish utility Enagas and the Italian gas network and infrastructure company, Societa Nazionale Metanodotti (Snam).
The third group of bidders is led by China Petroleum Pipeline Engineering.
The original deadline had been set for the end of March and has now been moved to September 6.
The Cypriot Natural Gas Public Company (DEFA) has also invited expressions of interest for the supply of LNG for the FSRU.
The tender for the supply of the LNG is the second part of the gas-to-power project.
Klaipedos Nafta said it was participating in the tender as a contractor and partner of the consortium.
According to the published specifications, the LNG terminal will include an FSRU, a jetty for mooring the vessel and a jetty-borne gas pipeline to secure supply of natural gas to the Vasilikos power plant, the largest in Cyprus.
The project has been granted European Union support amounting to a grant of 100 million euros ($111.4M).
If winning the tender, Klaipedos Nafta said it would join with MOL and Osaka Gas to provide terminal operator services for a period of up to 20 years.
