Cyprus receives €101MM grant for FSRU project
Connecting Europe announced on January 25 that it will support the introduction of natural gas in Cyprus through the CyprusGas2EU project (EU support of €101 MM).
The grant will help end the present energy isolation of the Cyprus, bring diversification to a region dominated by a single source of supply, and help reduce air pollution and emissions by allowing switching from heavy fuel oil to gas for power generation. It will also improve energy security and price competitiveness.
Read the full press release from the European Commission here.
Gulf Publishing Company will host the fifth incarnation of its Eastern Mediterranean Gas Conference (EMGC) in Nicosia, Cyprus,from 21–22 March 2018. The conference provides attendees with the latest and most accurate information on the region’s developing natural gas industry, and the ability to gain entry to regional markets and seek potential new business partners.
FSRU photo by Excelerate, illustration by Hoegh. (These are examples, project is not yet awarded)
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