Alternatives on the table for natural gas terminal

14:07 - 11 June 2024

Current Affairs

The Natural Gas Infrastructure Company (ETYFA) and CPP Metron, the Chinese consortium tasked with creating Cyprus’ natural gas terminal in Vassiliko, are looking at alternative ways to complete the liquefied natural gas (LNG) reception and gasification terminal, looking at various scenarios “possibly even off-contract”, according to Energy, Commerce and Industry Minister George Papanastasiou.

He revealed the news to reporters following a closed session of the House Committee on Energy, Trade, Industry and Tourism, which discussed the matter.

“All options are on the table and are being discussed between the contracting parties,” the minister said. He added, “On the one hand, there is a contract that we insist must be observed by the contracting parties and on the other, there is a strong will by both sides to conclude on something different; but this will depend massively on the two parties.”

What he means with something different, he explained, is that there will be deadline for completing the deadline; and this may not be in line with the contract, but “possibly even off-contract”.

As for the offshore unit, Papanastasiou said it has been completed, opening the way for the ship that will be connected to it to sail from China to Vassiliko – provided that it receives the relevant certification and all the arrangements are made for it to set off.

Alternatives on the table for natural gas terminal

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