Cyprus LNG Terminal

Summary Information

• Ownership: Defa
• Website: https://defa.com.cy/
• Location: Vasilikos, south coast of Cyprus
• Capacity: 1.9 million tons/annum
• Status: Under construction

Brief Description

• The terminal will comprise of a Floating Storage Regasification Unit (FSRU), a jetty for the mooring of the FSRU, a jetty-borne gas pipeline

Technical Details

• Storage capacity:
• Unloading capacity:
• Send out capacity:
• Constructor:
  • China Petroleum Pipeline Engineering CO LTD,
  • Metron SA,
  • Hudong-Zhonghua Shipbuilding
  • Wilhelmsen Ship Management

Ongoing Projects/Project Status

• Under construction, completion expected in 2023

Suppliers / Customers

• Suppliers: TBA
• Customers: Vasilikos Power Plant

History

• 2020 - Contruction of the terminal was launched

Other Information

• Financing of the project included
  • A 101 million euro subsidy by the European Commission, through “Connecting Europe Facility”
  • 43 million from the participation of EAC in the shareholding structure of ETYFA
  • 150 million euros from the European Investment Bank (EIB).
  • 80-million-euro financing by the European Bank for Reconstruction and Development

Links

1. Natural Gas, Cyprus
2. €150 million funding approved for the introduction of LNG to Cyprus by the European Investment Bank
3. LNG Terminal – A milestone project for the energy role of Cyprus