Latest Breaking News On - Vasilikos - Page 1 : vimarsana.com

Cypriot government and Chinese firm nearing settlement

New information from Phileleftheros suggests that the Cypriot Government and the Chinese state-owned company CPP have fully embraced the idea of a velvet divorce and give the impression that they are working harmoniously towards this direction.To reach some sort of resolution regarding the remaining

LNG import blues

This is becoming the recurring theme of all major projects in Cyprus. Almost invariably they all run into problems, run out of time and costs sky-rocket. The antiquated methods employed for launching, conducting and awarding major tenders, combined with rampant corruption, are the main culprits. These need urgent overhaul. What…

Cyprus faces looming water crisis

Cyprus LNG project faces stalemate as CPP hardens stance

China Petroleum Pipeline Engineering (CPP) reportedly seeks a financial settlement and termination of its involvement in the Vasilikos LNG terminal project, according to unconfirmed information obtained by Phileleftheros.The report suggests CPP prioritises a financial agreement with Cyprus, followed

CPP case: the Chinese ambassador has been summoned to the Presidential Palace on Monday

The huge fiasco surrounding the mega project to build a gas regasification terminal at Vasilikos is also testing the Cyprus-China relations at the highest level of government.According to information from Phileleftheros, President Christodoulides has invited the Chinese Ambassador to Cyprus to a mee

Cyprus in trouble with the European Commission about industrial emissions

The Republic of Cyprus is facing a serious dilemma about the illegal operation of the EAC power plants at Vasilikos and Dhekelia, due to non-compliance with the Directive on Industrial Emissions. The power stations have been operating without a permit since there is no compliance with the limit valu

CPP admits inability to complete the terminal due to Cyprus's demands

In a new statement last night, the CMC consortium, which is largely made up of China's CPP, accused ETYFA (Natural Gas Infrastructure Company) of making huge changes to what it has asked the consortium to build at the new Vasilikos liquefied natural gas (LNG) pier and that it has worked hard to meet

Christodoulides to meet Chinese ambassador over Vasiliko row

President for Vasilikos: The state cannot be blackmailed; there is a plan B but I don't want to get to that point

I am in contact with the company myself, but also with some EU and non-EU member states, such as Permanent Members of the UN Security Council, to see how the prospects for the resumption of talks can be created, President of the Republic Nikos Christodoulides said today.Speaking to reporters, while

Audit Office says proposed project endangers rare seals