Cyprus LNG Terminal

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Cyprus LNG Terminal was a proposed LNG export terminal. The facility appears to be cancelled with no development updates since 2015.

Location

The map below shows the location of the project, near Vassiliko Port, in Larnaca District.

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Project details

  • Owner: DEFA
  • Parent company: DEFA
  • Location: Vassiliko (Vasilikos) Port, Larnaca District, Cyprus
  • Coordinates: 34.72772, 33.30104 (exact)
  • Capacity: 5.0 mtpa, 0.72 bcfd
  • Status: Cancelled (potentially revived in 2022)
  • Type: Export
  • Cost: US$6 billion
  • Trains: 3 to 8
  • Start year:

Background

There was a proposal - separate from the import/regasification project Cyprus FSRU — to build a 5-million-metric-ton-per-year (mtpa) LNG liquefaction facility at the same location, the Vassiliko Port.[1] The proposed export terminal would have had a minimum of three trains and a maximum of eight trains.[2]

In August 2014, the Cypriot government entered into negotiations with several firms over the LNG facility. In June 2015, several oil & gas companies declared Cyprus's Aphrodite gas field to be commercially viable.[3] According to one proposal, Israeli gas would also be exported from the Cyprus LNG facility.[4]

Forbes reported in November 2015 that if Egypt joins Cyrus and Israel in a venture to import gas to Egypt, the three countries have enough infrastructure to form a regional Eastern Mediterranean gas hub.[5]

There have been no development updates on the export terminal since 2015 and the project was presumed to be cancelled. However, in 2022, Energean proposed to export gas from its gas fields in Israel to Cyprus for "liquefaction using a floating liquefied natural gas vessel (FLNG) at Vasilikos and export to Europe." This proposal was reportedly in an effort to end dependency on Russian energy following the invasion of Ukraine.[6]

Articles and resources

References

  1. Cyprus, Total sign MoU for LNG terminal, Reuters, 7 Nov. 2013.
  2. Cyprus Considers Eight Train LNG Export Terminal, GCaptain, July 12, 2013
  3. Cyprus: several factors to determine LNG development, LNG World News, 19 Apr. 2016.
  4. Cyprus President invites Israel to seriously consider exporting gas from Cyprus LNG plant, Famagusta Gazette, accessed July 2017.
  5. Simone Tagliapietra and Georg Zachmann, "Egypt Holds The Key To The Eastern Mediterranean's Gas Future," Forbes, November 29, 2015
  6. "At last, a bankable LNG project for Cyprus | Cyprus Mail". https://cyprus-mail.com/. Retrieved 2022-06-29. {{cite web}}: External link in |website= (help)

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External resources

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