China-Led Consortium Chosen to Build LNG Terminal in Cyprus

FSRUIllustration; Source: Pixabay under CC0 Creative Commons license

A consortium led by China Petroleum Pipeline Engineering Corporation (CPPEC) has been selected as the preferred bidder for the construction of an LNG terminal at Vassiliko Port in Cyprus.

The consortium, comprising Wilhelmsen Ship Management Limited, Aktor S.A., Metron S.A. and Hudong-Zhonghua Shipbuilding, is to build the LNG import terminal that includes a floating storage regasification unit (FSRU), a jetty for the mooring of the FSRU, jetty borne and onshore pipelines as well as additional facilities.

The consortium will now be invited in Cyprus, in order to finalize the process and sign the contracts with ETYFA (Natural Gas Infrastructure Company).

Symeon Kassianides, Chairman of Cyprus Natural Gas Public Company (DEFA), was cited as saying that, if the procedure goes according to plan, contracts with the preferred bidder would be signed in mid-October 2019.

The EUR 300 million project, scheduled for completion in 2021, is co-financed by a grant of 40%, or up to EUR 101 million, from the European Union’s Connecting Europe Facility (CEF) financing instrument.

World Maritime News Staff

Share this article

Follow World Maritime News

Posted on August 28, 2019 with tags , .

In Depth>

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >