CYPRUS could have one of the major natural gas liquefaction terminals in the world, the biggest investment in the history of the Republic, Commerce Minister Neoclis Sylikiotis said yesterday.
“Our decision to carry out this project is irreversible because the political and economic benefits would be unmatched,” the minister said.
Construction of the plant at Vassilikos is expected to begin late in 2014 or early 2015, the minister said. The aim is to have it ready by 2019.
“Our objective is for the gas liquefaction terminal to process our own gas, which we will transfer to international markets, as well as the natural gas of Israel, Lebanon, and other countries in the region”.Read More