Cyprus's Natural Gas Public Company (DEFA), through its infrastructure arm ETYFA, has launched an EUR 180 million initiative to complete the long-delayed Liquefied Natural Gas (LNG) import terminal at Vasilikos, advancing the country's energy infrastructure and supporting its long-term energy transition goals.
The Natural Gas Public Company (DEFA) of Cyprus, through its subsidiary Natural Gas Infrastructure Company (ETYFA), has officially issued an international tender valued at EUR 180 million for the provision of services and works required to complete the Liquefied Natural Gas (LNG) import terminal project situated at the Vasilikos area in Cyprus.
The tender encompasses full-scope engineering, procurement, construction management, offshore fabrication, civil engineering, specialized oil and gas sector services, as well as ongoing technical and architectural inspection support services necessary to finalize the onshore and marine infrastructure of the LNG import terminal at Vasilikos.
This major development marks a critical juncture in Cyprus’s strategic plan to diversify its national energy mix and substitute heavy fuel oil with cleaner-burning natural gas for power generation. Finishing the Vasilikos terminal is pivotal to lowering national carbon emissions, minimizing greenhouse gas emission penalties currently borne by electricity consumers, and establishing secure long-term energy infrastructure for the island nation.
The completion of the facility directly impacts the power generation, energy utilities, marine engineering, and heavy construction industries across the Eastern Mediterranean region. It also carries significant regulatory and financial implications for state utilities, international engineering contractors, and energy trade partners seeking to integrate regional supply chains.
For global investors and energy infrastructure developers, this procurement highlights renewed momentum in public infrastructure investments in southern Europe, offering substantial operational opportunities in floating storage regasification unit (FSRU) integration, offshore piping, and gas distribution logistics.
Established as the sole entity responsible for the import, transmission, storage, and distribution of natural gas in Cyprus, DEFA plays a central role in shaping the nation's energy policy. Through its specialized infrastructure subsidiary ETYFA, the state-owned body oversees the development and operation of primary gas assets and floating import facilities across the island.
This tender notice was originally published on Bidsinfo.com, and full details are available on https://www.bidsinfo.com/ref/36740645/provision-of-services-and-works-relating-to-the-completion-of-the-lng-import-terminal-project-at-the.
About GlobeNewsInfo
GlobeNewsInfo.com is a business news platform providing latest updates on global business developments, projects, and contract opportunities across diverse sectors and regions. The platform is designed to serve as a trusted source of information for companies, investors, and professionals worldwide.