Klaipedos Nafta Bids for Cyprus LNG

Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) is partnering with the market leaders in the tender procedure for the design, construction and operation of the Cyprus LNG import terminal.

The operator of the Klaipėda Oil Terminal submitted the bid alongside consortium partners Samsung C&T, Posco E&C, Mitsui O.S.K. Lines (MOL) and Osaka Gas.

If successful, KN will provide long-term operation and maintenance services for this terminal for a period of up to 20 years.

DEFA, the Natural Gas Public Company of Cyprus, announced an international public call for tenders in October 2018.

According to the published specifications, LNG terminal will include a floating storage and regasification unit (FSRU), a jetty for mooring the FSRU, a jetty borne gas pipeline to secure supply of natural gas to the largest Vasilikos Power Plant in Cyprus.

The project has been granted EU support accounting for over EUR 100 million. The total project budget is estimated at around EUR 500 million.

DEFA should select winners of the tender later this year. The terminal in Cyprus is planned to start operations in 2021.