North Cyprus News | Online News for North Cyprus

Total signs MoU with South Cyprus

Total signs MoU with South Cyprus

November 07
20:52 2013

South Cyprus and Total have signed a memorandum of understanding today for the development of a natural gas liquefaction facility.

The two sides will cooperate, in particular, on the feasibility of an onshore LNG plant to be built at Vasilikos, whilst taking into consideration Total’s views on the structuring and development of the LNG project.

Total was awarded exploration and production shares in Blocks 10 and 11 of South Cyprus’ self-declared Exclusive Economic Zone (EEZ) in February.

The MoU records Total’s support for the commercialisation of potential natural gas reserves in Blocks 10 and 11 through a variety of options giving preference to liquefaction and LNG export to European and Asian markets.

 

Local Weather

Kyrenia, Cyprus
15°
16°
Sun
16°
Mon
15°
Tue
14°
Wed
Weather from OpenWeatherMap

Lira Exchange Rates

USD
USD
3.7845
EUR
EUR
4.6450
GBP
GBP
5.2733

Upcoming Events

  1. Whirling Dervish

    January 20
  2. Guzelyurt Market

    January 20
  3. Lambousa Market

    January 20 @ 9:00 am - 1:30 pm
  4. Lemar Market

    January 20 @ 10:00 am - 3:00 pm