Cyprus seeks EUR 150 mln EIB financing for Nat gas infrastructure - FINANCIAL MIRROR

19 March, 2019

Cyprus is in talks with the European Investment Bank (EIB) for over a €150 mln in financing for the construction of infrastructure to transport natural gas to the island, said Finance Minister Harris Georgiades.

EIB President Werner Hoyer appeared optimistic that the credit institution will be able to take part in the project.

“From 2013 until today we have signed financing agreements of a value of €1.5 billion,” the Finance Minister said at a Nicosia press conference Monday.

“Half of that amount is aimed at small and medium size enterprises through Cypriot banks, this has contributed in a decisive way to the Cypriot economy’s recovery,” he added.

The government aims to maintain and expand on financing programmes for small and medium size enterprises.

EIB to look into LNG terminal when project on the table | Famagusta Gazette / CNA

EIB to look into LNG terminal when project on the table

“We are here for the signature of big investment in SMEs that is the key for growth and employment in Cyprus like many other countries in the EU”, he added.

FAMAGUSTA GAZETTE • Saturday, 20 September, 2014

European Investment Bank President Werner Hoyer has said that the EIB will look into investing in an LNG project once a project is on the table.

Replying to a question on reports that the EIB will be funding an LNG terminal on the island, Hoyer said that “I never heard about it”.

“We are here for the signature of big investment in SMEs that is the key for growth and employment in Cyprus like many other countries in the EU”, he added.

“We are aware that the exploration in the gas fields is under way” he said, adding however that “there are no results”.

Hoyer expressed the hope that “there will be positive results”.

“If that translates into an investment project presented to us we will check it and discuss it but there is no commitment whatsoever until there is a project on the table”. This, he said, “is not the case yet”.  — (KYPE)

Link to source: http://famagusta-gazette.com/eib-to-look-into-lng-terminal-when-project-on-the-table-p25620-69.htm