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EU to issue tender documents for new Vasiliko LNG terminal

Limassol, Cyprus (PortSEurope) October 10, 2018 – An open tender for the liquefied natural gas (LNG) reception infrastructure (FRSU – Floating Storage Regasification Unit (FSRU) of a total estimated value of €500 million has been announced by the Natural Gas Infrastructure Company (ETHFA), to be issued by the European Commission (EU).

Following the completion of a feasibility study in 2016, the Cypriot government decided to proceed with the deployment of facilities for the import, storage and regasification of LNG in the Vasilikos area.

It is a requirement of the government that the project be completed by November 30, 2020.

The project involves the supply of a floating gas storage and regasification unit with a storage capacity of at least 125,000 m³, the possibility of unloading liquefied gas from ships carrying gas from 120,000 m³ to 217,000 m³, construction of marine infrastructure for the permanent mooring of the floating unit and ground-based gas infrastructure and other related infrastructure for the transport of natural gas to the power plant in Vasiliko and possibly other consumers.

Deadline for submission of tenders or requests to participate is January 18, 2019.

Minister of Energy George Lakkotropis said that the estimated budget for the design and construction of the project is €300 million and an estimated €200 million for 20 years of operation and maintenance of the project. The European Commission is supporting the project with funding of €101 million.

Source: iKypros

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