Lack of control over LNG project ‘worries us’
Opposition MPs on Monday kept up the pressure on the government over the LNG import debacle, calling on authorities to commence investigations into the matter.
They seemed prompted by remarks ...
Former auditor-general repeats LNG contract ‘illegal’
Former auditor-general Odysseas Michaelides poured more fuel on the fire on Monday, claiming that in 2019 then-president Nicos Anastasiades took it upon himself to handle any issues with the LNG project ...
LNG tender branded a ‘massive scandal’
Chicanery or sheer stupidity – the question some MPs posed this week as to how Cyprus got tangled in the whole LNG farrago in awarding the contract to the Chinese-led consortium. ...
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Papanastasiou promises Vasiliko LNG terminal will be completed
The liquefied natural gas terminal at Vasiliko will be completed, Energy Minister George Papanastasiou promised on Tuesday.
Addressing the House energy committee, he said the project “is feasible, should be ...
High hopes, harsh reality: Why CEM is unlikely to deliver cheaper power in Cyprus
The single aim of the competitive electricity market (CEM) must be to bring about substantial reductions in Cyprus’ very high electricity prices. Anything else is of secondary importance and certainly ...
Papanastasiou meets Egypt’s Badawi again over natural gas
Energy Minister George Papanastasiou on Tuesday met Egypt’s Petroleum Minister Karim Badawi for a “results-oriented discussion” regarding the two countries’ efforts to exploit natural gas from under the seabed ...
Cypriot natural gas to be exported to Europe in 2027
Natural gas from under the seabed of Cyprus’ exclusive economic zone (EEZ) will be exported to Europe in 2027, Egypt’s Petroleum Minister Karim Badawi said on Friday.
Speaking after a ...
LNG terminal to be finished ‘as soon as possible’
The government expects delivery of a report on the status of the half-finished LNG infrastructure at Vasiliko sometime in the next few days, Energy Minister George Papanastasiou told MPs on ...
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.
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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 ...
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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 ...
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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 ...