Middle East Economic Survey
Cyprus Seeks 20-Year Supply Of LNG
Cyprus has invited expressions of interest for the supply of liquefied natural gas (LNG) under a 20-year contract, as part of its scheme to shift from heavy oil for electric power generation. The contract will call for the shipment of LNG to the island by 2014, leaving a window for the shipment of small quantities before that. Meanwhile, plans are in place for the construction of a storage and...