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Cyprus Receives Three Bids For LNG Infrastructure

Cyprus receives three bids for LNG infrastructure

Cyprus Receives Three Bids For LNG InfrastructureSource: PortSEurope

Limassol, Cyörus (PortSEurope) July 21, 2019 – The Natural Gas Public Company of Cyprus (DEFA), has announced the successful completion of the first step of the tender procedure, for the Cyprus LNG Import Terminal which involves the required infrastructure for importing LNG into Cyprus.

Three international consortia submitted proposals:

  • China Petroleum Pipeline Engineering CO, Ltd – CPP, Aktor S.A., Metron S.A.
  • Samsung C&T, Posco E&C, Mitsui O.S.K. Lines, Osaka Gas
  • DAMCO Energy S.A., ENAGAS Services Solution S.L.U., GasLog LNG Services Ltd., SNAM Spa, Terna S.A.

The LNG Terminal will include a floating storage and regasification unit (FSRU), a jetty for mooring the FSRU, a jetty borne gas pipeline and related infrastructure. The LNG Terminal will be completed in 2021 and has secured part of the required funding of the CAPEX, as a grant from the EU under the Connecting Europe Facility (CEF) financial instrument. It will be located near Vassiliko Port in Cyprus

“The successful result of the competitive process for the implementation of the infrastructure in order to import natural gas in Cyprus, as well as the great interest shown for this important energy Cyprus project by European and international players of the gas market, is just the first milestone for the realization of a long-term project that is directly linked to the country’s energy upgrade and energy pluralism in Cyprus”, said Dr. Symeon Kassianides, Chairman of DEFA.

The first challenge is to complete the evaluation process and start the work for the immediate implementation of the project. The primary objective of DEFA is to lay the foundations for a functioning natural gas market in Cyprus that ensures security of reliable gas supply, initially for power generation and subsequently to industries, hotels, bunkering, transportation and domestic consumers at the lowest possible cost and with minimum environmental impact.

As part of efforts to secure an uninterrupted supply of natural gas, initially for power generation and then for other uses, DEFA has planned and launched the work for the construction and development  of the necessary for this purpose, Transmission and Distribution Natural Gas Pipeline Network.

Initially, this network will consist of three pipelines that will supply the three power plants of the Electricity Authority of Cyprus (EAC) in Vasilikos, Dhekelia and Moni.

This first network serves as the backbone for the development of future network in the cities and industries and is estimated to have a total length of about 80km. The initial cost estimate for this phase of the project is approximately €60 million. The project has already secured sponsorship of €10m by EU funds. (Program EEPR).

Source: DEPA

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