“There’s still work to be done”, but natural gas will arrive in Cyprus by late 2025
The Energy Minister assures that the project is progressing despite challenges, aiming for the terminal and the floating unit Prometheus to be operational by early 2026 – Responding to claims of a “science fiction scenario.”
Speaking on SIGMA TV programme “Mesimeri kai Kati” from Brussels, where he attended the European Union’s Energy Ministers Council, Energy, Commerce and Industry Minister George Papanastasiou discussed the developments concerning the Vasilikos project and the floating unit Prometheus.
Highlighting that it is a European Project of Common Interest, Mr Papanastasiou noted that, at this stage, the Prometheus unit can be used by any EU member state if necessary. “Once it is a certified floating regasification unit, Prometheus will be available for use by any member state since it is also a project of European interest,” he stated.
Optimistic timelines
Addressing concerns from experts about completing the project by the end of 2025, the Minister expressed confidence in the timeline: “I believe these experts know very little,” he remarked, pointing out that the most challenging part was securing Prometheus for ETYFA (Natural Gas Infrastructure Company), which has already been achieved. “Even that was seen as a science fiction scenario, but it became a reality,” the Minister emphasised. “According to the plans of ETYFA and the Ministry, by the end of 2025, the infrastructure at Vasilikos will be ready, allowing Prometheus to dock at the pier and supply natural gas for conventional electricity production,” he added.
In the preparation phase
When asked whether work is currently being carried out at Vasilikos and if the terminal development is progressing, the Minister clarified that no actual construction is underway yet. ETYFA must first award the tender to a specialised consultant who will prepare the infrastructure completion offers. “This is a highly specialised company with expertise in completing unfinished energy projects, and the award will happen soon. The next stage will involve rapid tenders through a process known as negotiated dialogue. Interested companies will express their interest and enter into discussions with ETYFA, ultimately selecting a contractor to complete the infrastructure,” he explained.
In conclusion, Mr Papanastasiou stressed the need for hard work while reaffirming that the project is achievable within the proposed timeline, delivering significant benefits for Cyprus’s energy strategy.
Also read: CY-GR Ministers discuss energy, digital transformation and health
Source: Economy today
