LNG project ‘could be scrapped’
Design flaws and structural issues, including relating to unsafe materials, could force a rethink of the LNG import terminal at Vasiliko, taking the project back to square one or even ...
Etyfa inspects FSRU Prometheas in Malaysia
Engineers from public natural gas infrastructure company Etyfa on Wednesday conducted an on-site inspection of the floating storage and regasification unit (FSRU) Prometheas as part of the certification process for ...
Energy minister plays down Electra-1 gas disappointment
As Cyprus recovers from the disappointment over the failure to find commercially viable natural gas at the Electra-1 target, Energy Minister George Papanastasiou has said the outcome is not as ...
Cyprus awaits official word after Electra gas disappointment
Cyprus is waiting for an official update on Monday after disappointing news from a major offshore drilling project. The drilling at the “Electra” target in block 5 of the island’s ...
Vasiliko LNG ‘may reduce electricity bills by 40 per cent’
The utilisation of liquefied natural gas (LNG) brought onshore at Vasiliko could reduce electricity bills by as much as 35 or 40 per cent, energy expert Dr Charles Ellinas said on Thursday.
...
Cyprus’ gas vessel stuck in Malaysia for technical checks
The floating, storage and regasification unit (Fsru) is currently moored at the Strait of Malacca, Malaysia, where it’s undergoing technical checks, the energy minister said on Monday.
George Papanastasiou ...
LNG unit could remain in Greece for a year
The floating, storage and regasification unit (Fsru) may head out to Greece and moor there for about a year until the LNG terminal in Cyprus is completed, reports said on ...
Positive developments over LNG unit ‘Prometheus’ – Christodoulides
The departure of the floating storage and regasification unit (FSRU) ‘Prometheus’ is a positive development, President Nikos Christodoulides said on Sunday, over the ship that will form part of the ...
Floating LNG unit to leave Shanghai ‘any day now’
The floating storage and regasification unit (FSRU) Prometheas, which will form part of the liquefied natural gas (LNG) project at Vasiliko, is expected to sail for Cyprus from Shanghai any ...
Cyprus aims to be LNG ‘export hub’
Energy Minister George Papanastasiou said on Friday that the aim is for Cyprus to become an export hub for liquefied natural gas, which will come from the deposits of the ...
Cypriots face ‘annihilation’ over cost of living
Officials on Tuesday reiterated there currently exists no practical way to bring down energy costs, which have a knock-on effect on the prices of goods, as one MP warned that ...
European Commission insists on Cyprus paying back €68.6 million
The European Commission has reportedly not changed its mind in demanding a refund of €68.6 million in grants given to Cyprus for the liquefied natural gas (LNG) facility at Vasiliko, reports ...
Emerging natural gas market a mistake, CEO of energy company says
The natural gas market should never have been labelled as emerging, as Cyprus could have already had 40 per cent cheaper energy if the market was open to competition, George Chrysochos ...
Updated on
State to invite new tenders to complete LNG project
The government will invite two tenders in a bid to complete the LNG project, one for remaining construction work on the jetty at the land-based facilities at Vasiliko, the other ...
Updated on
State has ‘minimised’ LNG fiasco fallout (Updated)
The government has managed to buy time to offer explanations to the EU commission over the LNG project fiasco, Energy Minister George Papanastasiou said on Monday.
Speaking on CyBC radio, ...
EU demands Cyprus repay €69m in LNG grants
The European Commission has demanded that Cyprus repay almost €69 million which had been paid in grants for the crisis-ridden liquefied natural gas (LNG) terminal project at Vasiliko, the energy ministry ...
Updated on
Vasiliko project should never have been awarded to CMC – president
The Chinese CPP-Metron Consortium Ltd (CMC) should never have been awarded the Vasiliko liquified natural gas (LNG) project President Nikos Christodoulides said on Monday, as damning statements of blame continued ...
Construction of LNG terminal ‘will be completed’
The construction of the liquefied natural gas (LNG) terminal in Vasilikos will proceed and be completed despite the withdrawal of the Chinese consortium of companies from the project, Energy Minister ...
Govt between Plan A and B over LNG
The government has “a Plan A and a Plan B” for the liquefied natural gas (LNG) terminal at Vasiliko, the president said on Tuesday.
Nikos Christodoulides was responding to journalists’ ...
MPs to discuss Vasiliko LNG terminal
Progress towards implementing the liquefied natural gas terminal at Vasiliko will be on the House energy committee’s agenda on Tuesday when it reconvenes following the elections.
Energy Minister George ...
Time for change – radical change – in awarding tenders
It is clear from the spectacular failure of almost all major high profile projects this year that the whole system of tendering and awarding such projects is in disrepair and ...
‘Light on the horizon for Vasiliko’
Energy Minister George Papanastasiou said on Sunday that “there is light on the horizon” regarding the construction of the liquefied natural gas (LNG) terminal in Vasiliko.
Speaking after a church ...
LNG import blues
This is becoming the recurring theme of all major projects in Cyprus. Almost invariably they all run into problems, run out of time and costs sky-rocket. The antiquated methods employed ...
CMC hits back in escalating Vasiliko spat (Updated)
Chinese-led construction firm CPP-Metron Consortium Ltd (CMC) has hit back at Natural Gas Infrastructure Company (Etyfa) in the latest round of their ongoing spat regarding the under-construction liquefied natural gas (...