Cyprus will press ahead with a second offshore licensing round for natural gas and may have a schedule in place by the end of this year. Cyprus’s US partner, Texas-based Noble Energy, began drilling an offshore prospect a month ago bordering two significant gas discoveries made by Israel. Licensing will also be seen as a [...]
It has been announced that Vitol Tank Terminals International (“VTTI”) is to construct an oil import and distribution terminal in Vassiliko, Cyprus. The terminal, to be completed in 2012, will be an investment of more than €100 million and will establish Cyprus as an oil trading hub. It will also complement the supply of oil [...]
The first wind park in Cyprus is underway and will be ready by the end of 2010. The contract for the connection of the first Wind Park, of a total power of 82MW, with the electricity transmission network in Cyprus was signed on July 19 between the transmission system operator of Cyprus and the producer.
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