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Klaipedos nafta submits tender bid for Cyprus LNG

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LNG Industry,

AB Klaipedos nafta has announced that it has submitted a tender bid to design, build and operate the Cyprus LNG import terminal.

The Lithuanian LNG gas operator submitted the bid alongside consortium partners Samsung C&T, Posco E&C, Mitsui O.S.K. Lines (MOL) and Osaka Gas.

Klaipedos nafta claims that the Cypriot natural gas public company DEFA issued an international public call for tenders in October last year. According to the published specifications, the project will consist of a floating storage and regasification unit (FSRU), a jetty for mooring the FSRU, and a jetty borne gas pipeline to secure supply of natural gas to the largest Vasilikos Power Plant in Cyprus. The project has reportedly been granted EU support in the form of over €100 million. The overall project budget is estimated at approximately €500 million.

If Klaipedos nafta wins the tender, the company will work alongside MOL and Osaka Gas to provide terminal operator services for a 20-year period.

According to the statement, DEFA should select the winner of the tender later this year. The terminal in Cyprus is scheduled to commence operations in 2021.

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LNG import news Offshore LNG news