Cyprus is rethinking its entire gas strategy in the wake of developments in neighbouring Israel and a government reshuffle in Nicosia.
Plans to set up a maiden LNG import terminal have come up against proposals to build a liquefaction facility in Cyprus to process gas from Israel’s offshore Leviathan field, where reserves run to 16 trillion cubic feet.
“We have a new council of ministers and they are expecting very soon to decide on a new policy for importation of natural gas to Cyprus,” said a source at the Public Gas Corporation (Defa).
“The
