LNG import terminal a ‘transformational project’ for Cyprus - CYPRUS MAIL

November 12, 2021
Kyriacos Nicolaou

The LNG import terminal project would be transformational for Cyprus said Symeon Kassianides, the chairman of the Natural Gas Public Company (DEFA), said on Thursday at the Eastern Mediterranean Energy Conference being held in Nicosia,

“This project will lift Cyprus’ energy isolation and reduce the country’s reliance on oil,” Kassianides said, adding: “It’s a transformational project for the country, it will lead to lower electricity costs, new technological developments and create jobs.”

Cyprus’ LNG import terminal, a pivotal energy project, took centre stage, during the second of the three-day conference in which energy industry professionals from Cyprus and abroad are participating.

Kassianides, whose presentation looked at DEFA’s impact and the transition towards a cleaner energy source, explained that this is the largest sustainable investment ever undertaken by Cyprus.

Aphrodite gas talks at ‘advanced stage’ - CYPRUS MAIL

APRIL 9, 2019 

ELIAS HAZOU

The Cyprus Hydrocarbons Company (CHC) is in “advanced talks” with Noble Energy and its partners over the renegotiation of the production-sharing contract for the Aphrodite gas reservoir, the organisation’s chairman said on Tuesday.

Toula Onoufriou was speaking to reporters after a meeting with President Nicos Anastasiades, where she handed over a report recapping the CHC’s activities over the past five years.

Other major challenges going forward, she said, included ongoing negotiations for a gas sale agreement between the Aphrodite partners and buyers in Egypt.

There is also the matter of awarding an exploration licence for block 7. Last October the government invited bids from companies already licensed to explore offshore Cyprus to express an interest in the block. Energy companies Total and ENI applied.

According to Onoufriou, over the next period of time energy companies will be informing the government of their plans and timetables to drill offshore Cyprus. This would include exploratory as well as appraisal drilling.

Cyprus Hydrocarbons Company Takes Strides Towards Country’s Emergence as Energy Hub - SOUTH EU SUMMIT

1 FEBRUARY 2019

The Cyprus Hydrocarbons Company was established in 2014, following natural gas discoveries in the Eastern Mediterranean, to be in charge of all hydrocarbon discoveries in Cyprus’ Exclusive Economic Zone. As the world’s youngest national oil and gas company, it is working diligently under the leadership of Dr. Toula Onoufriou, to support the development of Cyprus’ hydrocarbons’ sector, and make the vision of Cyprus as a regional energy hub a reality.