Following the completion of a feasibility study in 2016, the Government of Cyprus decided to proceed with the development of a liquefied natural gas terminal in Vasilikos Bay, near Limassol.
The government launched a tender calling for the construction of the €500 ($576.5 million) facility by November 30, 2020.
Following the tender, chairman of the National Gas Public Company (DEFA), Symeon Kassianides, said, “we expect to issue a request for expressions of interest for the supply of LNG in the coming weeks and a full tender early in 2019.”
The subject of this tender entails the design, construction and operation the import terminal, procurement of a floating storage and regasification unit (FSRU) of at least 125,000 cubic meters storage capacity.
The facility will be capable of unloading LNG from LNG carriers ranging in size from 120,000 cubic meters to 217,000 cubic meters.
Tender is also for the construction of offshore infrastructure for the permanent berthing of the FSRU, and onshore natural gas infrastructure and related construction components for gas delivery to the Vasilikos power station and potentially other gas consumers.
Cypriot minister of energy, commerce, industry and tourism, Georgios Lakkrotrypis noted the €500 will be divided into two portions, one going towards design and construction (€300 million) and operation and maintenance (€200 million).
Minister noted in his brief social media statement the project will receive €101 million of EU funds through the Connecting Europe facility.