articles | 15 April 2014

Cyprus gets four proposals for interim gas supplies

Cyprus state gas company DEFA says it has received four proposals to supply natural gas to the island, an interim solution for power generation before its own reserves come online.

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

Cooperation Partners
  • Logo for Cyprus International Businesses Association
  • Logo for Cyprus Investment Funds Association
  • Logo for Cyprus Shipping Chamber
  • Logo for CYFA Cyprus
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Invest Cyprus
  • Logo for Association of Cyprus Banks