Ninth-Time Lucky For Cyprus Gas Import Tender?

Cypriot state-run natural gas firm Defa has extended the deadline for a tender to import gas to the island for the ninth time, pushing it further back from 18 December, after it had expired, to 12 February. Defa has been unable to come to an agreement with any of the three bidders: Israeli firm Delek, a Greek consortium headed by local businessmen and trading giant Vitol. Vitol would appear to be in pole position given that it last year opened a major oil products storage terminal at Vassilikos on the island’s southern coast – also the proposed location for any gas imports, whether in the form of LNG or a pipeline from Cyprus’ Aphrodite or Israel’s Leviathan or Tamar fields. Delek and US partner Noble have stakes in each of these.


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