The Cypriot government and the Chinese CPP-Metron Consortium (CMC) have reached an agreement regarding the provision of a floating storage and re-gasification unit (FSRU) to the liquefied natural gas (LNG) terminal at Vasiliko, Energy Minister George Papanastasiou said on Tuesday.
Speaking to the House energy committee, he said the FSRU, named ‘Prometheus’ would now be delivered to Vasiliko within the next 60 days.
He said the agreement regarding the delivery of the FSRU was “financial”, and that as a result of the FSRU being delivered, the amount payable by CMC by way of guarantees had been reduced.
To this end, he clarified that the government had “not given any additional money” to CMC.
He added that “certain actions will have to be taken on both sides” for the FSRU to be delivered within the next 60 days, with these largely entailing the production of certifications to allow it to sail to Cyprus from Shanghai, where it is currently located.
