LNG

Eight companies have entered the race to complete Cyprus’ long-delayed Vasilikos LNG import terminal, as the government seeks to revive a project intended to reduce electricity costs. DEFA aims to shortlist bidders by end-2026 and award the estimated €180 million contract before summer 2027.

Egypt is planning LNG production from feed-gas transported to its existing liquefaction plants near Alexandria via a pipeline linked to the Aphrodite natural gas offshore Cyprus as part of an East Mediterranean project costing up to an initial $1 billion.