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Natural Gas Liquefaction Plant Location of the Energy Centre

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Natural Gas Liquefaction Plant Location of the Energy Centre 30-31-VASILIKO_EUROKERDOS 6/4/15 2:29 PM Page 31 CYPRUS ENERGY: THE NEW ERA A formal Request for Proposals followed between 11/05/2012 and 06/07/2012, and two (2) proposals were finally submitted. These were evaluated by the appointed Evaluation Committee and on 12/12/2012, the Council of Ministers, following recom- mendations from the competent Ministe- rial Committee, issued a Decision to com- mence negotiations with the prevailing economic operator, with the purpose of finalizing the agreements to be signed bet- ween the joint venture members for the materialization of the project. The Vasilikos Oil Terminal includes: • facilities for the storage of operational oil reserves, • facilities for the storage of strategic oil reserves, and • facilities to allow it to operate as an oil have an initially export capacity of 5 million from the city of Larnaca and 25 kilometres trading hub. tonnes of LNG per annum (one liquefac- away from the city of Limassol. tion train), expandable to 15 million tonnes The location was judged, based on the Natural Gas Liquefaction Plant of LNG per annum (three liquefaction location and morphology of the area, as trains). the most suitable choice for the installation In June 2012, the Government of the of the facilities for the storage and distribu- Republic of Cyprus decided the commen- Location of the Energy Centre tion of petroleum products and for the cement of the necessary actions for the establishment of the Liquefaction Plant. establishment of the Natural Gas Liquefac- The Vasilikos area is located southerly of Another reason which counted towards tion Plant at Vasilikos. the Nicosia-Limassol A1 Motorway, admi- the abovementioned choice of location The Plant would include facilities for the nistratively belongs to a great extend to was the adjacency of the area to the Vasi- liquefaction of natural gas and the storage the Mari community (which is situated likos Power Station, which offers the pos- and export of LNG by tankers for transpor- within the Larnaca District boundaries) sibility for the exploitation of synergies. tation to the international markets. and is aligned with the southern coastline Source: Ministry of Energy, Commerce, The Liquefaction Plant at Vasilikos will of Cyprus, around 40 kilometres away Industry and Tourism, www.mcit.gov.cy VTTV In November 2014, the 300 m euros VTTV terminal opened for business, designed and constructed by VTTI. Its strategic location makes it the first terminal of its kind in the Eastern Mediterranean, connecting Europe and the Black Sea with markets in the Middle East and Asia. The Terminal, in conjunction with the island’s strategic location near the Suez Canal, places Cyprus on the map of fuel transports. The asset currently comprises 28 tanks and capacity of 544,000 m³, and offers access to a deep water marine jetty as well as to road tanker loading facilities. A Phase 2 expansion is currently under evaluation and would cre- ate an additional 13 tanks and further capacity of 305,000 m³. For more info visit www.vtti.com June 2015 / 31.
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