SNAM joined forces with Livanos to provide Cyprus with a regasification plant
With Gaslog and other European companies, the Italian company forms part of one of the three consortia participating in the tender to create an LNG import terminal in Cyprus
Italian state group SNAM joined several European partners, including the shipping company GasLog belonging to the Greek shipowner Peter G. Livanos, to participate in the tender to provide an offshore regasification plant to the Cypriot government.
The Cypriot state company DEFA revealed the identity of the 3 cartels which submitted their offers in Limassol, providing the details of the first step of the procedure to equip the Mediterranean island with a plant to import liquefied natural gas.
The future terminal – to be completed within 2021, and to be partly co-financed with European funds within the Connecting Europe Facility (CEF) programme – will include a floating storage and regasification unit (FSRU), a mooring quay for said unit, a gas pipeline departing from the quay itself, as well as all the related infrastructures.
This project drew the attention of the main players in the international gas industry such as SNAM and the Spanish Enagas which, at the end of 2018, in partnership with the Belgian Fluxys (60-20-20 respectively), had taken over the Greek state company DEFSA which manages natural gas transport infrastructures in Greece.
The Italian corporation and its Spanish counterpart are now trying to get to Cyprus by joining a consortium including also the two Greek companies Damco Energy and Terna Sa, as well as the Greek shipowner Livanos, whose company Gaslog is a leading operator in LNG Maritime transport worldwide, boasting 15 specialised units.
The "European consortium" will compete with two groups: the first including Samsung C&T, Posco E&C, the Japanese shipping group Mitsui O.S.K. Lines and Osaka Gas, and the second including China Petroleum Pipeline Engineering, Aktor SA and Metron SA.
"The positive outcome of the competition to create the necessary infrastructure to import LNG to Cyprus, as well as the interest in this project shown by several big players within the international industry are the foundation for a long-term development directly related to Cyprus' energy security", DEFA Chairman Symeon Kassianides observed.