Cyprus’ state-run natural gas company Defa, on 10 June announced it has “examined and completed the evaluation of the latest revised commercial and financial proposals received from bidders,” for a tender to supply the Mediterranean island with natural gas.

The tender seeks gas volumes rising from 19.5-30.4 trillion BTU in the first year to 25-43 trillion BTU by 2025. First gas is to be delivered between 1 January 2016 and 30 June 2017, with DEFA thought to favor bids that stipulate an earlier start date (MEES, 18 April 2014). (CONTINUED - 374 WORDS)