Eight companies express interest in completing the Vasiliko LNG terminal

Eight companies have submitted expressions of interest to the Natural Gas Infrastructure Company (ETYFA) for the completion of the liquefied natural gas (LNG) terminal in Vasiliko. The project, which involves finishing the onshore facilities and the jetty, attracted major global players in the energy construction sector. Among the interested parties are the Italian firm Saipem, China Harbour Engineering Company (in a consortium with the Cypriot company Cyfield), and the Israeli Baran International Ltd. Other participants include the Egyptian Petrojet, the Norwegian EConnect Energy, and three Greek construction groups: TERNA, AVAX, and Archirodon.

This move follows the termination of the original contract previously held by China Petroleum Pipeline Engineering (CPP). The current stage represents a pre-selection process rather than a final bid submission. ETYFA will evaluate the technical and financial capacity of the applicants before inviting successful candidates to submit their final proposals, with invitations expected by January 11, 2027. The project aims to complete infrastructure abandoned during the initial contract phase, with an estimated remaining cost of approximately 180 million euros, compared to the original 2019 contract budget of 315 million euros. The selection criteria for the final contract will be based on the best value for money.