Cosco’s Yard Completes Cyprus FSRU Conversion Job
01.16.2024 By Tank Terminals - NEWS

January 16, 2024 [LNG Prime]- Cosco Shipping Heavy Industry in Shanghai has delivered ETYFA’s converted FSRU which will serve the first Cyprus LNG import terminal in Vasilikos.


CHI Shanghai, the unit of Cosco Shipping, handed over the 137,000-cbm FSRU, Etyfa Prometheas, during a ceremony held on Tuesday, it said in an announcement.

The shipbuilder converted the 2002-built LNG carrier Galea.

CHI Shanghai said is the first that a Moss tank type LNG carrier was converted to an FSRU in China.

The FSRU is 296 meters long, 46 meters wide, and it has four regasification units each with a capacity of 105 mmscfd (million standard cubic feet per day).

In October 2023, the converted FSRU completed its gas trials and this was the last test for the vessel before delivery.


LNG terminal launch expected in 2024

Cyprus announced the start of construction of its first LNG import facility at Vassilikos in July 2020.

The Natural Gas Infrastructure Company (ETYFA), a unit of DEFA, previously signed an EPCOM (engineer, procure, construct, operate, and maintain) contract with a consortium for the project.

The consortium comprises of state-owned China Petroleum Pipeline Engineering, a unit of CNPC, Metron Energy Applications, Hudong-Zhonghua, and Wilhelmsen Ship Management.

Besides the converted FSRU, the project includes a jetty, a pipeline, and other onshore and offshore related infrastructure in Vasilikos.

From there, gas will be piped to shoreside infrastructure with links to the country’s energy grid mainly for power generation purposes.

DEFA’s ETYFA previously expected to launch the LNG import project for power generation in summer 2022, but the project has been delayed.

According to DEFA, the company now expects the project to be completed in the second half of this year.

Local media reports also previously suggested that Cyprus may charter the FSRU in the meantime until the LNG import infrastructure is ready.


Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Energy-Related Emissions Hit a Record High Last Year Despite Renewables Surge
03.02.2024 - NEWS
March 2, 2024 [Oil Price]- Despite a decline in fossil fuel use in developed economies, global en... Read More
Chinese Oil Product Demand Could Peak by 2025
03.02.2024 - NEWS
March 2, 2024 [Oil Price]- Demand for petroleum products in China could peak before next year, th... Read More
Cheap Spot Prices Boost China’s LNG Imports to Record High for February
03.02.2024 - NEWS
March 2, 2024 [Oil Price]- China imported in February a record volume of LNG for the month, as bu... Read More
Russia’s Rosneft Moves to Sell its German Refinery Assets
03.02.2024 - NEWS
March 2, 2024 [Oil Price]- Russia’s state-controlled oil giant Rosneft has launched a sales pro... Read More