Examine the seaborne LNG transport solutions; the possible fields of cross-border collaboration in the primary and secondary NG markets; the development of a secondary LNG trade market, using small-scale LNG vessels; and the development of a complementary CNG waterborne supply chain.
Develop technical designs, permits and risk assessment for the floating LNG Facility and its supporting infrastructure and the natural gas system development.
Perform the relevant technical, commercial, feasibility and legal studies for the successful penetration of CNG and LNG in freight and passenger mobility at the urban, peri-urban, regional and national context.
Perform the relevant technical, commercial, feasibility and legal studies for the penetration of NG as an energy source for industrial and commercial users of Cyprus.
Perform the relevant technical, commercial, feasibility and legal studies for the penetration of LNG as a marine fuel at the TEN-T Core Port of Lemesos Terminal 2 – Vassiliko and the comprehensive TEN-T Port of Larnaca.
Prepare the financing structures for capital requirements related to switching to alternative energy consumption modes and to examine the development of suitable investment schemes.
Promote the use of NG as an alternative fuel, by both the energy and transport sectors, and increase public awareness about the potential and envisaged benefits of the use of NG as an alternative fuel from an environmental, societal and economic viewpoint.
Cover the management of the proposed action, including adequate coordination tasks, control procedures, quality management, risk management and monitoring mechanisms.