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, it was reported yesterday.
Cyprus hopes to attract large investors to take a stake in its gas fields, an option which a Chinese delegation is in Cyprus to discuss.
“There is very strong interest from China… in energy, in the whole value chain, upstream, downstream and midstream,” Energy Minister George Lakkotrypis told.
He said the Chinese delegation includes China Shipbuilding Industry Corporation.
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