DEFA selects suppliers for Cyprus.

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Cyprus state gas company (DEFA) has received four proposals for supply of natural gas to the island. This was reported by representatives of DEFA this Monday. The company selects suppliers of hydrocarbons in order to provide the island with electricity.

Reminding that Cyprus is the only country in the EU, which produces electricity using fuel oil and diesel fuel. In accordance with the tender terms, announced in January 2014, it states about the agreement for a period of 10 years starting from January 2016. Earlier it was reported that from 2019-2020 Cyprus would start using its own natural gas produced in Aphrodite, a massive gas field about 100 miles south of Cyprus.

The company has not yet reported the details of the proposals received, explaining that by the confidentiality agreement. DEFA plans to sell gas to electric company of Cyprus, which is going to be privatized during the next four years. State-controlled gas company also said that they are interested in a complex problem solving, including not only the search of fuel sources, but also its transportation and processing.

Source: Vestnik Kipra