Cyprus Signs Landmark Deal to Build €290 mln LNG Terminal

Cyprus on Friday signed a landmark deal with a Chinese-led consortium to build a €290 mln terminal for the import of liquified natural gas for electricity generation, said to be among the biggest energy projects.

At a ceremony in Nicosia, Cyprus’ natural gas infrastructure company (ETIFA)) signed a contracted to build its first LNG terminal with the multinational consortium led by China Petroleum Pipeline Engineering.

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