DEFA did not release details of the bidders, saying it was bound by confidentiality agreements. Based on its initial invitation for proposals, issued in January 2014, it was seeking a supply line for up to 10 years, commencing in January 2016.
The state-controlled company said at the time it wanted a comprehensive solution involving all commercial and infrastructure requirements including sourcing, transportation and processing.
It will sell the gas to the Electricity Authority of Cyprus, the now state-controlled monopoly up for privatisation over the next four years.
Source: Cyprus Mail