As Xinhua reports, Cyprus is signed a 290-million-euro agreement with a Chinese-led consortium for the construction of Cyprus’ first liquefied natural gas (LNG) terminal, mainly used for electricity generation.
A consortium comprising of China Petroleum Pipeline Engineering Co Ltd, Aktor S.A. and Metron S.A., Hudong-Zhonghua Shipbuilding Co. Ltd and Wilhelmsen Ship Management Limited, was announced as the preferred bidder for a contract, which sees the construction of an LNG terminal, near Vassiliko Port in Cyprus.
Greece, Israel, Cyprus and the US agreed to boost cooperation in energy, as well as cyber and infrastructure security, Greek Energy Minister Kostis Hatzidakis said, following a meeting among the ministers of the four countries in Athens, Wednesday.
Esben Poulsson, the Chairman of ICS has commended the Cyprus Shipping Chamber (CSC) as being a ‘model member’. Mr. Poulsson also highlighted that the lifting of the restrictions that Turkey has imposed on Cypriot-flagged ships would lead to a a win-win situation. Moreover, he expressed ICS’s full support on 2020 sulphur cap, but highlighted its concerns regarding the prices of the new fuels.
During the 219 SAFETY4SEA Cyprus Conference, Dr. John Kokarakis, Director Technical Business Development, HBSA Zone, Bureau Veritas, provided an in-depth overview of all the environmentally-friendly marine fuel solutions for compliance with the 2020 sulphur cap.
Cyprus is committed in implementing the 2020 sulphur cap, despite worries within the shipping industry regarding safety, quality, compatibility and availability of the new fuels that will enter the market. What is more, Deputy Minister for Shipping Natasa Pilides, said that the government will take all necessary measures to supervise the proper implementation of the regulation.
Cyprus will start a tender to purchase an FSRU next month at Vasiliko. The tender will also include the acquisition of relevant infrastructure, and aims at increasing the country’s ability to import LNG and use it for electricity generation. This development comes after the Cypriot Energy Minister Giorgos Lakkotrypis submitted an MoU between for the removal of fuel storage facilities at Larnaca to Vasiliko.
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