Cyprus gas from Kronos field to be shipped to Egypt by 2028
The final investment decision on management of the Kronos gas field will be taken at the end of March, with the aim of sending the first natural gas to Egypt ...
Our View: Further proof Cyprus authorities not up to challenge of creating LNG terminal
The colossal ineptitude of the authorities in their ongoing efforts to import LNG is still on show. According to the progress report given by new Energy Minister Michalis Damianos to ...
Agreement on Cyprus-Israel gas field expected next month
Cyprus and Israel are “very close” to an interstate agreement regarding the Aphrodite natural gas reservoir, the energy minister reiterated on Monday.
Michalis Damianou told CyBC that an Israeli government ...
LNG import back in the limelight
2025 was a tumultuous year for energy in Cyprus. Its two biggest projects, the import of LNG at Vasilikos and the GSI electrical interconnector, were in the limelight mostly for the ...
€67m LNG refund won’t ‘derail’ budget, says govt spokesman
Returning to the European Commission the €67 million linked to the stalled LNG project will not “derail” this year’s state budget, the government spokesman said on Thursday.
Last week it ...
Akel slams past and present governments over LNG terminal scandal
Akel on Friday blasted the government of former president Nicos Anastasiades for “criminally erroneous and suspicious decisions” and of incumbent Nikos Christodoulides for “incompetence and irresponsibility” regarding the Vasiliko liquefied ...
Anti-corruption authority corroborates Savvides’ position over Vasiliko investigation
The anti-corruption authority on Thursday corroborated attorney-general George Savvides’ position that he never received three “corruption cases” from it regarding alleged irregularities at the Vasiliko natural gas (LNG) import terminal.
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EPPO investigates Vasiliko LNG project for €101m corruption
The European Public Prosecutor’s Office (EPPO) in Nicosia is running an investigation into the project for a liquefied natural gas (LNG) import terminal in Vasiliko, on suspicion of procurement ...
FSRU Prometheas to be certified in October
The floating storage and regasification unit (FSRU) Prometheas, which is to be used at the under-construction liquefied natural gas (LNG) terminal at Vasiliko, is to be certified for use in ...
Government seeking extra funding for beleaguered LNG plant
The government on Monday revealed it is asking for an extra €70 million to complete works at the liquefied natural gas (LNG) terminal at Vasiliko, a project plagued by delays and ...
Cyprus and Egypt to sign key natural gas agreements
Cyprus and Egypt are set to sign two major agreements on natural gas commercialisation next Monday in Cairo, marking a significant milestone for energy cooperation between the two nations. Cypriot ...
Cyprus poised to become key LNG contributor to EU, says energy minister
Cyprus has the potential to become a significant supplier of liquefied natural gas (LNG) to the European Union, provided pre-drilling surveys are confirmed, Energy Minister George Papanastasiou said on Friday.
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Govt’s ‘goal’ to have Vasiliko complete by end of 2025
The government’s goal is for the construction of the liquefied natural gas terminal at Vasiliko to be complete by the end of 2025, Energy Minister George Papanastasiou said on Tuesday.
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Our View: Public to bear financial burden of government missteps
A divorce settlement is being negotiated between Natural Gas Infrastructure Company (Etyfa) and the CPP-Metron Consortium (CMC) which had the contract for the creation of an LNG terminal in Vassiliko. ...
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CMC contract for LNG Vasiliko likely to be terminated
The contract between the state Natural Gas Infrastructure Company (Etyfa) and CPP-Metron Consortium Ltd (CMC Ltd) for the construction of the natural gas liquification plant at Vasiliko is heading towards ...
Row over Vasiliko terminal deepens
Natural Gas Infrastructure Company (Etyfa) on Friday slammed what it called the “unfortunate and desperate attempt” by the consortium constructing the beleaguered natural gas terminal at Vasiliko to “mislead public ...
Ambassador optimistic over LNG terminal
The liquefied natural gas (LNG) terminal in Cyprus is back on track and should be finished by the end of the year, China’s ambassador to Cyprus said on Thursday.
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MPs hear LNG grant could be lost
Lawmakers on Tuesday sounded the alarm that Cyprus may lose part – or worse – all of an EU grant allotted to the liquefied natural gas (LNG) terminal in Vasiliko.
In parliament, ...
Christodoulides visits LNG terminal as work restarts
President Nikos Christodoulides on Saturday paid a visit to the liquefied natural gas (LNG) terminal ahead of the now-confirmed restart of construction work.
Speaking to journalists at the site, he ...
Government may terminate LNG terminal contract
Energy Minister George Papanastasiou hinted Thursday the government may terminate the contract with the CPP consortium with the contract to build the liquefied natural gas (LNG) terminal at Vasiliko.
His ...
Our View: Slapdash €300m project costing taxpayer dearly
There is no doubt that the tenders’ procedure for the Vasiliko LNG terminal was a catalogue of errors that violated every notion of rational decision-making. It suffices to say that ...
Government and LNG terminal contractor lock swords
The government on Monday signaled it may have to take “painful decisions” regarding the liquefied natural gas (LNG) terminal project in Vasiliko, as the contractor itself blamed the Cypriot side ...
Taxpayers will pay the cost of LNG debacle
Terminal at Vasiliko started under a cloud of suspicion and has just got worse
The writing was on the wall even before the contract for the liquified national gas (LNG) ...
Blame game in full swing over LNG terminal dispute
The Chinese-led consortium with the contract to build a liquefied natural gas (LNG) terminal at Vasiliko is claiming €200 million from Cyprus in arbitration proceedings, MPs heard on Thursday, as the ...