Hoegh applies for Cyprus LNG import licence
- Business developments & projects
Norway’s Hoegh LNG said Wednesday that its unit has applied for a liquefied natural gas infrastructure ownership, operations and development license in Cyprus.
Cyprus is pushing forward to diversify its energy mix to reach new emission targets for the country’s power production.
The country plans to replace the consumption of refined oil products with cleaner solutions such as LNG.
Hoeghs says that the company’s plan for LNG imports into Cyprus consists of using one of its floating storage and regasification units as a fast track solution for the required fuel switching.
The FSRU can stay on location as a bridging solution or for an extended period serving different customers on Cyprus as well as bulk breaking and delivering LNG to other customers in the Mediterranean.
For this planned project, Hoegh LNG is working together with VTT Vasiliko and H4E GasFuel.
VTTV owns an existing jetty in the Vasilikos Port, at close proximity to the country’s power plants, that can be adapted for the FSRU terminal.
Subject to the licence being granted, Höegh LNG expects to be able to start LNG import operations during the first quarter of 2021.