Eight international companies compete to oversee the largest energy project in Cyprus

LoveCyprus — Thu, 28 May 2020 12:12:56 +0000

The Natural Gas Infrastructure Company (ETYFA) announced that the tender submission stage for the selection of the Owner’s Engineer team regarding the project for the development of the infrastructure for the importing of Liquefied Natural Gas in Cyprus was completed on the 21st of May.

According to a press release, the high level of participation, greatly satisfies ETYFA, as eight proposals were received. The proposals will be evaluated on the basis of the requirements and procedures of the tender and the regulations applicable to public contracts.
Proposals were received from the following companies / consortia:

Consortium of MITAS Generators Ltd, KELBERRY Ltd Joint Venture (MKJV), MT Milan Tractor S.P.A
ABAMBA Ltd (EPCM Consultants SA (Pty) Ltd, Global Maritime Consultancy Limited & iX Engineers (Pty) Ltd)
Joint Venture of Lloyd’s Register, Sofregaz, Rogan Associates
Consortium of Hill International N.V., Bureau Veritas Solutions Marine & Offshore
RINA Consulting S.p.A.
Technip E&C Ltd (TECL)
DNV GL
AMEC Foster Wheeler Iberia S.L.U.

According to the press release, the high level of participation emphasizes, once again, not only the significance of this project at an international level, but also its viability. The challenge at hand now is to complete the evaluation process as soon as possible and to proceed with the selection of the team of experts to oversee the construction of one of Cyprus` most important energy development project.

“The interest in the tender process for the supervision of the construction of the infrastructure for the introduction of LNG to Cyprus as well as the great interest expressed for this important energy project, completely satisfies ETYFA and highlights both the high standard of the project as well as the participants’ confidence in the procedures followed,” said President of ETYFASymeon Kassianides.

As the announcement mentions “the construction and operation of the LNG Terminal is progressing steadily and within the set time frame, leading Cyprus towards a new energy era, reducing energy costs, reducing CO2 emissions and opening up new opportunities for the country”.

The LNG Terminal will include a floating unit for storage and re-gasification of the LNG (FSRU), a pier for the mooring of the floating unit, a pipeline on the pier and other relevant infrastructures. Co-financing for the project expenditure has been secured from the EU and the financial program for the Connecting Europe Facility (CEF).

On December 13, the agreement for assigning the project was signed at the Presidential Palace. Since then, the procedures for the selection of the owner’s engineer, the securing of the supply of natural gas at optimal prices, as well as the procedures for securing the necessary licenses and developing the entire contractual framework for the operation of the project, have been in progress.

Source: CNA

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Cyprus to extend ENI/TOTAL exploration contract amid Covid-19 pandemic, Energy Committee chairman says

LoveCyprus — Wed, 06 May 2020 13:33:01 +0000

Cyprus Ministry of Energy is planning to extend the exploration contracts of the Italian-French ENI/TOTAL consortium due to the impact of the coronavirus pandemic, Andreas Kyprianou, chairman of the Parliamentary Committee of Energy, Commerce and Industry told CNA.

The Committee discussed with Minister of Energy, Georgios Lakkotrypis the latest developments in Cyprus hydrocarbon exploration programme amid the coronavirus pandemic.

Kyprianou noted however that the Ministry does not plan to review the contracts of ExxonMobil/Qatar Petroleum. Both consortia notified the Ministry that they will postpone their drilling activities scheduled for this year due to the problems cause by the Covid-19 outbreak.

Speaking to CNA, Kyprianou said that ExxonMobil/Qatar Petroleum had two appraisal wells scheduled for the coming September but notified that these activities will be postponed for a year later.

Concerning ENI/TOTAL, Kyprianou noted that the Italian French consortium planned to carry out three exploratory drillings, starting from April 2020, adding however that these activities will be postponed due to the coronavirus pandemic.

Kyprianou pointed out that according to the Minister’s briefing, Exxon’s contract will not be revised as it concerns appraisal wells, adding however, that ENI/TOTAL’s contract with the government may be extended.

“We do not want to cause additional problems to the companies in the current period, therefore it is estimated that ENI/TOTAl’s contract will be extended,” the Committee chairman said.

With regard to the Turkish provocations, Kyprianou said “the position of the Ministry, which is shared by international actors is that these actions are more political rather than substantial,” adding that the issue is closely monitored.

Moreover, Kyprianou said Cyprus has submitted an application to China for the registration of halloumi, the Cypriot traditional chese, trademark.

He noted the application will take nine months to be approved “so by the end of the year the Chinse market will open for halloumi exports.”

Furthermore, Kyprianou said that electricity prices are expected to drop by more than 10% in the next months, starting from the bills of May, as Cyprus Electricity Authority, the island’s sole electricity provider, has engaged in oil future purchases, while the Ministry is exploring ways to increase fuel storage.

Source: CNA

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Eight international companies compete to oversee the largest energy project in Cyprus

Cyprus to extend ENI/TOTAL exploration contract amid Covid-19 pandemic, Energy Committee chairman says