Energean in updated offer to sell natural gas to Cyprus


MAY 13TH, 2019   STAFF REPORTER BUSINESS, CYPRUS mail, ENERGY, FEATURED

Greek oil and gas company Energean has submitted to Cypriot authorities an updated proposal to sell natural gas to the island from one of its Israeli offshore leases.

In a press release, the company said it has drafted and submitted to the Cyprus Energy Regulatory Authority (Cera) a preliminary pipeline development plan, to pipe gas from the Karish reservoir to Cypriot shores “at a highly competitive price”.

The outfit said it can deliver the gas by March 2021.

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