A Chinese-led consortium has been selected as the preferred bidder for the construction of Cyprus' €300 million LNG import terminal.
The consortium of companies: China Petroleum Pipeline Engineering, Aktor and Metron with Hundong-Zhonghua Shipbuilding and Wilhelmsen Ship Management ranked first in the evaluation for the construction of the facility, which would introduce natural gas in Cyprus.
If the procedure goes to plan, contracted with the successful bidder will be signed mid-October 2019.
Defa chairman Symeon Kasdianides says: '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.'
The import terminal includes a FSRU, a jetty for the mooring of the FSRU, jetty borne and onshore pipelines as well as additional facilities. It is scheduled for completion in 2021.
The project is co-financed by a grant of 40% from the EU's 'Connecting Europe Facility'.
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