Cyprus LNG Terminal Expected Operational by 2030, Minister Says
What happened
Energy Minister Michalis Damianos stated that the government expects the LNG import terminal at Vasiliko to be operational by 2030. He called the project a government priority, aiming to award a tender for pending works before summer 2027. The terminal is intended to supply imported natural gas for electricity generation.
From cyprus-mail.com
Why it matters
The completion of the LNG terminal is linked to achieving energy adequacy in Cyprus and reducing the country's purchase of greenhouse gas emissions allowances. The project, which was contracted in December 2019, has faced multiple missed delivery timetables and the withdrawal of the Chinese contractor.
From cyprus-mail.com
Who's involved
- Michalis DamianosEnergy Minister making statements on the project's timeline and priority.
- CyprusThe country hosting the LNG terminal project.
- Electricity Authority of CyprusThe energy company that will utilize the imported natural gas.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Electricity Authority of CyprusSpeculative
The Electricity Authority of Cyprus might see changes in energy supply costs once the terminal becomes operational.
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The entities involved
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Michalis Damianos
Cypriot politician
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