Cyprus pursues LNG import and export options
In early 2020, the Cypriot government will award LNG supply contracts, while revisiting LNG export plans
Cyprus still lacks a workable plan to bring ashore significant gas discoveries in its offshore waters to replace diesel and fuel oil supply to its power stations. But a ‘dash for gas’ looks set to make progress. The Cyprus government, with financial support from the EU, is pressing ahead with plans to import LNG to meet European environmental targets. In August, the state-owned Natural Gas Public Company of Cyprus (Defa) chose a consortium led by Chinese engineering firm China Petroleum Pipeline Engineering to construct a floating storage and regasification unit (FSRU) and related infrastructure at Vasilikos port on the south coast. The following month, Defa published a list of 25 internat
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
