Cyprus revisits FSRU solution 10 years after plan scrapped - TRADEWINDS

August 30th, 2017 18:49 GMT
Lucy Hine

Mediterranean wannabe gas importer Cyprus has returned to the idea of using a floating storage and regasification unit (FSRU) some 10 years after an earlier tender was scrapped.

Cyprus’ Natural Gas Public Co (Defa) has been granted government approval to buy LNG to provide gas to power stations controlled by the Electricity Authority of Cyprus (EAC).

Under the new proposal, LNG would be shipped into an FSRU moored off Vasilikos on the country’s central southern coastline.

Energean to tender for $500m FPSO - TRADEWINDS / UPSTREAM

FPSO Mystras operating offshore Nigeria

May 8th, 2017 12:56 GMT
Gary Dixon

Greek group wants unit for Karish gas project off Israel.

Greece's Energean Oil & Gas is tendering for a new $500m FPSO.

The company wants the unit for its $1.3bn Karish gas and condensate project off Israel.

The FPSO must be ready by 2020 when the first gas is pumped.

Energean chief executive Mathios Rigas told TradeWinds' sister publication Upstream:

"I think we will be looking to go to the market probably in the summer, towards the start of the third quarter. If we are able to contract yards soon we will get a lot better prices rather than waiting."