Cyprus Mail
Cyprus

Cyprus gets four proposals for interim gas supplies

Cyprus state gas company DEFA said on Monday it has received four proposals to supply natural gas to the island, an interim solution for power generation before its own reserves come on line.

DEFA did not release details of the bidders, saying it was bound by confidentiality agreements. Based on its initial invitation for proposals, issued in January, it was seeking a supply line for up to 10 years, commencing in January 2016.

The state-controlled company said at the time it wanted a comprehensive solution involving all commercial and infrastructure requirements including sourcing, transportation and processing.

It will sell the gas to the Electricity Authority of Cyprus, the now state-controlled monopoly up for privatisation over the next four years. (Reuters)

 

 



Related posts

Talks to begin with parties after rejection of CETA

Elias Hazou

Lawyer demands transparency in Paphos church dispute

Bejay Browne

Men fined €800 each for breaking quarantine

Staff Reporter

Coronavirus: Kyriakides urges public to follow the prescribed measures

Andria Kades

Russia initiates scrapping of taxation deal with Cyprus (updated)

Elias Hazou

Larnaca man dies in labour accident

George Psyllides

9 comments

Comments are closed.