Cyprus to have natural gas network by 2014
Cygas calls for pipeline tenders
Cyprus will have its own natural gas network according to Giorgos Shammas, Chairman of the Cyprus Energy Regulatory Authority who was briefing the House Finance Committee on the regulator’s budget for 2010.
Meanwhile, the Natural Gas Public Company (DEFA) announced a call for tenders for the provision of consultancy services for the development of a gas pipeline network, Cygas.
DEFA is the administrator of the government’s natural gas energy policy, and among other things is tasked with inviting and evaluating tenders for the supply of natural gas. Last December it received expressions of interest for the supply of liquefied natural gas (LNG) from 13 companies, and has now compiled a short list of these.
The gas pipeline grid will provide LNG to industry and households.
DEFA chairman Costas Ioannou said they would have an idea of the cost of the network after the engineering consultants furnished information about the work that needed to be done – feasibility and environmental impact studies, which would then determine the specifications.
The call for tenders ends on April 16.
In a separate but parallel process, the Electricity Authority of Cyprus is seeking strategic partners for the development, financing, operation and management of an LNG processing terminal. The quasi-official expected time of arrival for the facility is 2014.
March 05, 2010 - www.financialmirror.com