Cyprus to get 1st natural gas import terminal in 2 years

NICOSIA, Cyprus — Cyprus said it plans to transition to cleaner and cheaper natural gas for energy generation in two years as work officially began Thursday to build the east Mediterranean island nation’s first gas import terminal.

Cypriot President Nicos Anatastiades attended a groundbreaking ceremony for the terminal, which with a budget of 289 million euros ($327.5 million) is expected to be the country’s costliest energy project.

The terminal will feature a tanker ship built in Singapore and refitted to convert liquefied natural gas back into gaseous form for use in Cyprus’ main power plant.

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