President to meet with Chinese Ambassador to discuss Vasiliko terminal

07:32 - 20 May 2024

Companies Reporter

Cyprus President Nikos Christodoulides is set to meet the Chinese Ambassador in Nicosia, Liu Yantao, on 20 May to exclusively discuss developments regarding the Vasiliko LNG terminal.

Announcing the visit over the weekend, Christodoulides pointed out that the government cannot be blackmailed.

The President was on 18 May invited to comment on the dispute that arose between ETYFA (Natural Gas Infrastructure Company) and the Chinese consortium CPP-METRON CONSORTIUM LTD (CMC). He said that the project in Vasilikos has three phases and some works are progressing and some are not.

He noted that the government will deal with the issues and does not wish to enter into a public debate with the company. President Christodoulides said that he was surprised by the fact that the company is making public statements and underlined that the government cannot be blackmailed. He went on to say that we have obligations and we always fulfill them and we are here to deal with the issue that came up.

He also said that there is a plan that needs to be implemented and the company has specific commitments, adding that we will deal with the problems in good faith and good will.

Asked if there is a Plan B, the President said that it is our duty to have a Plan B but the government’s intention is to proceed with everything provided for, under the contract signed.

(Source: CNA)

President to meet with Chinese Ambassador to discuss Vasiliko terminal

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