EBRD, EIU and CEF lend Cyprus a helping hand with floating natgas storage

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EBRD, EIU and CEF lend Cyprus a helping hand...
 © FinancialMirror 2020

A €374 mln floating storage and regasification unit jointly financed by the European Bank for Reconstruction and Development, the European Investment Bank and the European Union will help Cyprus benefit from cleaner air and reduced energy costs thanks to the introduction of natural gas to the country.

The EBRD said it is providing a €80 mln loan to the Natural Gas Infrastructure Company of Cyprus (ETYFA) for the acquisition of the FSRU and the development of related infrastructure.

The FSRU will...


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EBRD, EIU and CEF lend Cyprus a helping hand with floating natgas storage


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Article Tags: cyprus, helping, floating, natgas, storage,