The high cost of botched tenders
Why do so many tenders for large public projects crash and burn? Sometimes the bidding competition gets bogged down in endless legal wrangling, eventually scrapped, and authorities have to go ...
London court reserves decision on Vasiliko LNG terminal
The London Court of International Arbitration has reserved its decision over the €69 million claim filed for the Vasiliko liquified natural gas (LNG) terminal, it was reported on Thursday.
According to ...
Time for radical rethinking on LNG
With shocks following shocks of an unprecedented scale and gravity, and with the European Commission (EC) withdrawing its support for the LNG import project at Vasilikos and asking for its ...
Government stays committed to Vasiliko terminal
The government will not deviate from its goal to complete the Vasiliko terminal and gain the capacity to bring natural gas to the island, deputy government spokesman Yiannis Antoniou said ...
Our View: The LNG terminal deal was flawed from the very start
It should have come as no surprise that the European Public Prosecutor’s Office (EPPO) opened an investigation into the controversial Vasiliko LNG terminal regarding procurement fraud, misappropriation of EU ...
Cyprus may have to pay back €101m after Vasiliko debacle
There is a “very real danger” the government will have to pay back EU funds it received for the Vasiliko liquified natural gas (LNG) terminal, which is now being investigated ...
EU launches corruption investigation into Vasiliko LNG terminal
The European Public Prosecutor’s Office (EPPO) on Thursday said it opened an investigation into Cyprus’ contentious Vasiliko liquefied natural gas (LNG) import terminal on suspicion of procurement fraud, misappropriation ...
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‘All options’ remain on the table for LNG plant
The Chinese-led consortium tasked with building the liquefied natural gas (LNG) import terminal at Vasiliko is open to exploring alternative agreements beyond the scope of the current contract, Energy Minister ...