• Why is Larnaca redeveloping oil refineries?
  • Larnaca municipality is aiming to redevelop the area of the old oil refineries into a people-friendly, urban space, Mayor Andreas Vyras said on Tuesday. ¡°The oil refineries area plan is introducing modern methods of energy planning such as urban land reclamation, family-neighbourhoods, multifunctionality, and sustainable development,¡± he told CNA.
  • Why is Cyprus importing LNG?
  • LNG Import Terminal Until it is able to develop its own gas, Cyprus is planning to import LNG to replace heavy fuel oil and diesel in power generation. Not only is this expected to bring the cost of electricity down, but it will also lead to a substantial reduction in carbon dioxide emissions, helping Cyprus achieve its Paris Agreement pledges.
  • Why is Cyprus becoming a regional fuel hub?
  • Concurrently, Cyprus is also developing into a regional fuel hub for Europe, Asia and Africa, thanks mainly to the successful operation of the sophisticated oil storage terminal by Netherlands-based global oil terminal company VTTI.
  • Is natural gas a new industry in Cyprus?
  • Natural gas discoveries in both the Exclusive Economic Zone (EEZ) of Cyprus and its immediate neighbourhood over the last decade have spurred on a new industry in Cyprus providing new opportunities for business and foreign investment.
  • What happened to Petrolina in Larnaca?
  • The mayor said the process was being brought to close after the cooperation and assistance of Larnaca¡¯s district development committee, MPs, ministries, the oil companies ¡°and most of all the people of Larnaca¡±, Vyras said. In May 2018 Petrolina demolished the first fuel tank ¨C the largest in capacity ever built in Cyprus.
  • When will Cyprus get a gas pipeline?
  • Based on reaching an agreement this year, first gas is expected in 2028, and according to the Energy Ministry it would be the biggest infrastructure project ever undertaken in the Republic of Cyprus. Currently, Cyprus and Egypt are committed to the plan.