Cyprus picks Chinese-led Consortium for First LNG Terminal Contract

Cyprus’ national gas company DEFA has selected a multinational consortium to construct the country’s first LNG terminal.

The consortium consists of JV China Petroleum Pipeline Engineering Co Ltd, AKTOR S.A. and METRON S.A., with Hudong-Zhonghua Shipbuilding Co. Ltd and Wilhelmsen Ship Management Limited.

DEFA Chairman, Dr. Symeon Kassianides, said “We are pleased to see the successful outcome of the process. Here at DEFA we believe that the future of the country is aligned with natural gas and we expect it to play a major role in the economic development of the country in years to come. The establishment of the natural gas market will boost the development of the whole energy and industry sectors of the Republic.”

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The LNG import terminal includes a Floating Storage Regasification Unit (FSRU), a jetty for mooring the FSRU, jetty borne and onshore pipelines as well as additional facilities. The project is co-financed by a grant from the EU Connecting Europe Facility (CEF) financing instrument.

Source: www.worldoil.com

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