Taxpayers charged €350 million a year over stalled LNG project
MPs on Tuesday again grilled state officials over the status of the LNG import terminal at Vasiliko, as it was heard that the non-completion of the project costs taxpayers some €350 ...
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Cyprus returning European money for LNG terminal
The government is in the process of returning €67 million in funding for the LNG terminal in Vasiliko to the European Commission, the energy minister said on Tuesday, also telling MPs ...
Vasiliko costs could spiral to €1 billion, warn MPs
Opposition MPs on Tuesday voiced outrage at the government for giving them no clear answers as to the status of the LNG project at Vasiliko, with some politicians warning the ...
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 ...
Cyprus ‘given until November’ to repay EU grants for Vasiliko LNG terminal
Cyprus has been given until November to repay millions of euros which had been paid by the European Commission in grants for the construction of the liquefied natural gas terminal ...
Govt engaged in ‘damage limitation’ over Vasiliko LNG terminal
The government is engaged in “damage limitation” following reports of “serious safety issues” regarding the construction of a liquefied natural gas terminal at Vasiliko, Energy Minister George Papanastasiou said on ...
House approves €85.9m Defa budget amid LNG delays debate
The House plenum on Thursday evening approved the 2025 budget for the Natural Gas Public Company (Defa) amid a lively debate over the delays in the advent of natural gas for ...
Energy minister to brief committee on storage and LNG terminal
Energy Minister George Papanastasiou has been invited to appear before the House energy committee on Tuesday to update members on energy storage, hydrogen development and the liquefied natural gas (LNG) ...
FSRU Prometheas to leave Shanghai next month
The floating storage and regasification unit (FSRU) Prometheas, which will form part of the liquefied natural gas (LNG) project at he, will set sail for Cyprus from Shanghai at the ...
Emergency energy meeting on Wednesday to discuss Vasiliko, interconnector
The House energy and commerce committee will hold a snap session on Wednesday to discuss Vasiliko, the Great Sea Interconnector and Tui.
All three topics have plagued news headlines, particularly ...
Call for tender for beleaguered Vasiliko LNG terminal
The government is due to give the thumbs-up on Tuesday to a call for tender for the selection of a project manager for the troubled Vasiliko LNG terminal.
The decision ...