Cyprus’ first FSRU sails from Shanghai

10:02 - 17 January 2024

Economy

Cyprus is gearing up to welcome its first floating storage and regasification unit (FSRU), which is bound for the island after being delivered by Chinese yard Cosco Shipping Heavy Industry.

The delivery ceremony of the FSRU Etyfa Prometheas, which will supply clean natural gas to the Vasilikos Power Plant, was successfully held at the Shanghai COSCO Shipping Heavy Industry Terminal 2 on 16 January.

The FSRU will transfer the natural gas to the final recipient at a maximum pressure of up to 70 Barg for a quantity of 250 cubic metres per hour.

The project is the largest engineering project in Cyprus in recent years, an important component of the country's national energy strategy, and a significant step toward achieving EU emission reduction targets and increasing the proportion of natural gas power generation.

The FSRU will help Cyprus reduce carbon emissions by 30% and slash electricity generation costs by 15% to 25%.

FSRU Etyfa Prometheas, modified by China Petroleum Pipeline Bureau's Galea LNGC and an undertaking of Shanghai COSCO Shipping Heavy Industry, is the first MOSS spherical tank type LNGC modification FSRU project in China and the first "the Belt and Road" energy project between Chinese enterprises and the EU.

Converted from a simple Liquefied Gas Carrier (LNGC) to an FSRU, Etyfa Prometheas will serve an LNG terminal in Cyprus that is under development.

The FSRU has a length of 296 metres, a width of 46 metres, and stores 137,000 cubic metres of LNG. Its regasification capacity is 4×105 MMSCFD.

Cyprus’ first FSRU sails from Shanghai

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