CyprusProfile.com asked Symeon Kassianides , Chairman, Natural Gas Public Company (DEFA), to describe the current situation with Cyprus’ energy sector and what his expectations are for 2021.

This year we have the start of the Cyprus LNG Import Project. A significant transformational project for Cyprus that will have a broader impact on the Eastern Mediterranean region. Through the project, we will achieve the opening of the power generation from conventional sources with the activation of IPPs. Competition coupled with a cleaner and lower cost fuel will drive a reduction of electricity costs for all.