The Natural Gas Public Company of Cyprus (DEFA) has officially invited bidders to design, build and operate an LNG import terminal project at Vasilikos Bay, in Limassol (Cyprus). A request for expression of interests (EoIs) will be issued shortly, paving the way for a full early tender process in 2019. The government expects the new LNG import terminal to be completed by the end of November 2020.
The feasibility study for the project was completed in 2016. Once built, the facility is expected to be able to accommodate LNG carriers ranging in size from 120,000 m3 to 217,000 m3. The subject of the tender will comprise the design, construction and operation the import terminal, procurement of a floating storage and regasification unit (FSRU) with a minimum capacity of 125,000 m3 for a total estimated project cost of around €500m, divided into two sets: €300m for the project's construction and €200m for the operation and maintenance (O&M) processes. According to DEFA, 40% of the capital expenditure (i.e. €101m) will be granted by the European Union under the framework of the Connecting Europe Facility (CEF) financial instruments.
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