Eight firms bid to oversee €290m Cyprus LNG project
Eight international bids have been received for the contract to supervise building a liquefied natural gas terminal in Cyprus for importing LNG, the state Natural Gas Infrastructure Company (ETYFA) said.
Proposals were received from MITAS Generators, KELBERRY Joint Venture (MKJV), MT Milan Tractor S.P.A; ABAMBA Ltd (EPCM Consultants SA), Global Maritime Consultancy & iX Engineers; Lloyd’s Register, Sofregaz, Rogan Associates (joint venture); Hill International N.V., Bureau Veritas Solutions Marine & Offshore; RINA Consulting S.p.A; Technip E&C Ltd (TECL); DNV GL; and AMEC Foster Wheeler Iberia S.L.U.
The LNG terminal, to be completed by end 2021 or early 2022, will include a floating storage and regasification unit, a jetty for mooring the FSRU, a jetty-borne gas pipeline, and related infrastructure.
The project has secured a €101 million grant from the EU under the Connecting Europe Facility, while the Cyprus Electricity Authority will contribute €43 million securing a 30% stake in ETYFA.
ETYFA will cover the remaining part of the cost with funding from international lenders such as the European Investment Bank and the European Bank for Reconstruction and Development, with state guarantees.
