AP reports from Nicosia that Cyprus signed a deal on Friday with a Chinese-led consortium to build the east Mediterranean island nation’s first natural gas import terminal that officials said will help the country generate cleaner and cheaper energy.
Energy Minister Georgios Lakkotrypis announced the 289 million-euro ($323 million) floating terminal will help reduce Cyprus’ carbon footprint from electricity generation by up to 30%.
The terminal is designed to convert imported liquefied gas back into gaseous form for use in Cyprus’ main power plant.
A consortium of China Petroleum Pipeline Engineering, Metron, Hudong-Zhongua Shipbuilding and Wilhelmsen Ship Management is expected to complete construction by early 2022.
Read more at thenationalherald.com
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