Hill International bags Cyprus LNG gig

US-based Hill International has secured a contract for the first Cyprus LNG import terminal at Vassilikos, the nation’s largest and most expensive energy project.

Under the deal, the risk management firm will lead an international consortium and provide owner’s engineer services.

Natural Gas Infrastructure Company of Cyprus (ETYFA) awarded the deal, Hill said on Friday without revealing financial details.

ETYFA will operate the LNG import facility, wholly-owned by the government of Cyprus.

Hill, as owner’s engineer, said it would oversee the implementation of the LNG project.

The company will carry out design reviews and supervise the works at China’s Hudong and at the Vasilikos site.

Given the technical and commercial requirements of the project, Hill will lead an international group consisting of four companies.

Hill is leading a team formed with Bureau Veritas Maritime & Offshore Solutions and engineering firms Tractebel and Gazocean, it said.

“New energy era”

To remind, Cyprus started building the terminal last month, announcing the project as the beginning of a new energy era.

It will help the nation’s efforts to ensure diversification of energy sources, reduce the cost of energy, and cut emissions.

The project has a budget of over 289 million euros ($336 million) and an implementation timeframe of 24 months.

Main project’s components include the conversion of a 136,000-cbm LNG carrier to an FSRU, construction of a jetty, and an onshore gas pipeline.

The completed terminal will be capable of receiving LNG from carriers ranging in size from 120,000 to 217,000 cbm.

A consortium led by the state-owned China Petroleum Pipeline Engineering, a unit of CNPC, has secured the contract to build and operate the terminal.

The consortium includes Metron Energy Applications, Wilhelmsen Ship Management and Hudong-Zhonghua Shipbuilding.

The FSRU conversion works will take place at China’s Hudong-Zhonghua.

Worth mentioning here, the project has received the political and financial backing of the European Union.

ETYFA won a 101 million euro grant under the EU’s Connecting Europe Facility.

The project also secured loans from EIB, EBRD, and an equity participation from the Cyprus power authority.

Most Popular

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

Technip Energies bags Cyprus LNG gig

LNG engineering giant Technip Energies has secured a project management consultancy contract from ETYFA, a unit of state-owned DEFA, to assist in completing the LNG import terminal in Vasilikos, Cyprus.

Cyprus FSRU leaves Chinese yard

CHI Shanghai, the unit of Cosco Shipping, said in a statement the 137,000-cbm FSRU, Etyfa Prometheas, left its yard...

Cyprus seeks project management services to complete LNG terminal

The company is inviting bids for the provision of project management services for the completion of the LNG import...

Cosco’s yard completes Cyprus FSRU conversion job

Cosco Shipping Heavy Industry in Shanghai has delivered ETYFA's converted FSRU which will serve the first Cyprus LNG import...