Middle East Economic Survey

VOL. LIII

No 35

30-Aug-2010

CYPRUS

Cyprus Expects LNG Delivery Negotiations To Conclude In Six Months

Cyprus expects current negotiations with three possible suppliers of LNG to be concluded within six months, Costas Ioannou, Executive Chairman of the Public Natural Gas Company (DEPA), told the Cyprus Mail on 24 August. Last November Nicosia invited bids on a 20-year contract for delivery of 1 bcm/year of LNG beginning 2014. The government plans to build a 800mn...