China is looking at playing a role in
Cyprus' multi-billion-dollar plans to develop the island's natural gas reserves, including possible investment in a liquefied natural gas (LNG) export terminal, Reuters reports.
Hoping to attract large investors to take a stake in its gas fields, a Chinese delegation has been welcomed in Cyprus to discuss the relevant opportunities.
"There is very strong interest from China... in energy, in the whole value chain, upstream, downstream and midstream," Minister of Energy, Commerce, Industry and Tourism, Yiorgos Lakkotrypis told Reuters.
He said the Chinese delegation includes China Shipbuilding Industry Corporation, and that delegates were interested in the development of an LNG export terminal, including potentially a floating LNG facility (FLNG).
"The Chinese delegation will also discuss taking a stake in Cypriot gas fields," a source with the delegation explained.
China is seeking to access new gas sources around the world as its energy demand rises and the government encourages industry to move to cleaner gas from coal.
Related News in Chinese: 中国欲参与塞浦路斯天然气开发计划
Reuters
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