Evaluation process begins for the Vasiliko LNG terminal completion

The Natural Gas Public Company (DEFA) has officially commenced the evaluation of eight companies that expressed interest in completing the liquefied natural gas (LNG) import terminal in Vasiliko. The project aims to finish construction within two years, with the contract valued at approximately 180 million euros.

DEFA Chairman George Pistentis stated that the selection criteria have been specifically refined to account for past challenges, ensuring the new contractor possesses sufficient technical expertise, experience, and financial solvency. The assessment process is currently underway, with the objective of completing the pre-selection phase before the end of 2026.

The authorities aim to award the final construction contract before the summer of 2027. Consultants are working in collaboration with the technical department and the Public Procurement Authority to finalize the second phase of selection based on a best price-to-quality ratio, aiming to avoid the operational and administrative issues that previously stalled the infrastructure development.