Cyprus starts construction of FSRU facility
July 9, 2020
The FSRU terminal in Cyprus has started construction after a groundbreaking ceremony held on July 9 marking the start at Vassilikos. The project is planned to be operating by the end of 2022. The use of gas is expected to enable the country to reduce its reliance on oil imports and reduce the cost of electricity to consumers, which are amongst the highest prices in the EU. The LNG terminal will be owned by the government through the Natural Gas Infrastructure Company of Cyprus (ETYFA), a subsidiary of the Natural Gas Public Company (DEFA), and will supply gas to the Electricity Authority of Cyprus (EAC), which will have six gas-fired generation units in operation by 2023.