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Oslo-based company applies to bring LNG to Cyprus from 2021
April 3, 2020
An Oslo-based company has formally applied to bring liquefied natural gas (LNG) to Cyprus starting in the first half of 2021.
In a press release, Höegh LNG Holdings Ltd said its subsidiary, Höegh LNG Ltd, has applied for an LNG infrastructure ownership, operations and development licence in Cyprus.
Their proposal entails the use of a floating, regasification and storage unit (Fsru).
“The plan consists of using one of Höegh LNG’s Fsru’s as a fast track solution for the required fuel switching, thereby reducing air emissions, cutting EU emission taxes, enabling savings on fuel costs and reducing electricity price per KWh for local consumers,” the company said.