North Cyprus News | Online News for North Cyprus

Deutsche Bank could invest in building South’s LNG terminal

Deutsche Bank could invest in building South’s LNG terminal

April 24
13:51 2014

The Cyprus News Agency reports that a high level delegation from the German giant Deutsche Bank arrives in Cyprus on Thursday to discuss with the Greek Cypriot Energy Minister, potential financial investments in a Natural Gas Liquefaction (LNG) terminal.

The South Cyprus government is making efforts to involve European investors to develop the nascent gas industry in Cyprus. A visit by representatives from the European Investment Bank is expected in May.

Estimated costs of building the terminal are around 20 billion euro.

 

Kibris Postasi

 

Local Weather

Kyrenia, Cyprus
10°
18°
Thu
14°
Fri
16°
Sat
18°
Sun
Weather from OpenWeatherMap

Lira Exchange Rates

USD
USD
3.8219
EUR
EUR
4.6763
GBP
GBP
5.2717

Upcoming Events

  1. Whirling Dervish

    January 17
  2. North Nicosia Walking Tour

    January 17
  3. Kyrenia Market

    January 17
  4. Lemar Market

    January 17 @ 10:00 am - 3:00 pm