{"id":5039,"date":"2024-03-22T00:01:24","date_gmt":"2024-03-21T22:01:24","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=5039"},"modified":"2024-03-22T00:01:24","modified_gmt":"2024-03-21T22:01:24","slug":"ambassador-optimistic-over-lng-terminal","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=5039","title":{"rendered":"Ambassador optimistic over LNG terminal"},"content":{"rendered":"<div><img decoding=\"async\" src=\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/ambassador-optimistic-over-lng-terminal.jpg\" class=\"ff-og-image-inserted\"><strong>The liquefied natural gas (LNG) terminal in Cyprus is back on track and should be finished by the end of the year<\/strong>, China\u2019s ambassador to Cyprus said on Thursday.<\/p>\n<div class=\"cypru-video-ads\" id=\"cypru-969137586\">\n<div id=\"cypru-1179786522\" data-cypru-trackid=\"478051\" data-cypru-trackbid=\"1\" class=\"cypru-target\">\n<div id=\"gpt-ad-4914953891275-0\">\n<\/div>\n<\/div>\n<\/div>\n<p>\u201cThe work at Vasiliko is somewhat complex. Now works have restarted normally. <strong>We see many opportunities, and the prospects are bright<\/strong>,\u201d Liu Yantao said at a gathering in Nicosia organised by the Chinese embassy.Speaking through an interpreter, the ambassador was commenting on the dispute between the CPP-Metron Consortium (CPC) and the Cypriot side, which had led to the halting of construction works at the land-based facility in Vasiliko for over a month.Work has since resumed following a meeting between a senior official of CPP (China\u00a0Petroleum Pipeline Engineering Co Ltd) and the Cypriot energy minister.CPP is a state-owned company in China.The Chinese ambassador went on to say that <strong>the floating, storage and regasification unit (Fsru) is currently in Shanghai and \u201cmore than 99 per cent complete<\/strong>\u201d. The vessel should be formally delivered to the Cypriot side by April or May.Regarding the infrastructures on land at Vasiliko, Liu said works there are 50 per cent complete.Meantime a number of Chinese workers are expected to travel to Cyprus \u201csoon\u201d to assist in these works.\u201cProvided that the parties can really work together, I believe that the main component of the project at Vasiliko can be completed by the end of this year or beginning of next year,\u201d noted Liu.He said successful <strong>completion of the project will benefit the Cypriot people in bringing down the cost of generating electricity, but would also be a \u201cwin-win\u201d for the two nations<\/strong> underlining their friendship.The CMC consortium had ceased all work at Vasiliko at the end of January and filed a claim for \u20ac200 million against Cyprus at the London court of arbitration, claiming the incurring of higher costs and the alleged failure of the project manager, Etyfa (the natural gas infrastructure company), to carry out its contractual obligations.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The liquefied natural gas (LNG) terminal in Cyprus is expected to be completed by the end of the year, as stated by China\u2019s ambassador to Cyprus. The project, located at Vasiliko, had been delayed due to a dispute but has now resumed. The floating, storage, and regasification unit (FSRU) for the project is more than 99% complete and is in Shanghai, with delivery to Cyprus expected by April or May. The land-based infrastructure at Vasiliko is 50% complete. The completion of this project is anticipated to lower the cost of generating electricity in Cyprus and strengthen the relationship between Cyprus and China.<\/p>\n","protected":false},"author":3,"featured_media":5040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[486,2944,2152,2144,1625,2261,2511,932,3,553,2172,358,250,2121,1428,870,450,185,1346,758,406,812,1182,1238],"class_list":["post-5039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-china","tag-chinese-ambassador","tag-completion","tag-consortium","tag-construction","tag-construction-works","tag-costs","tag-court","tag-cyprus","tag-electricity","tag-embassy","tag-energy","tag-google","tag-land","tag-liquefied-natural-gas-terminal","tag-lng-terminal","tag-london","tag-main","tag-meeting","tag-natural-gas","tag-nicosia","tag-storage","tag-travel","tag-vessel"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO 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