Companies sign MoU for services on intended regasification unit in Cyprus

Solaris Engineering (CY) Limited has announced signing a Memorandum of Understanding with H4E Gasfuel Ltd to provide engineering, supply and management engineering services for the design and construction of an FRSU in Cyprus.

H4E Gasfuel Ltd is part of a consortium of companies including Hoegh LNG, which announced last week that it has submitted a proposal for the installation of a Floating Storage Regasification Unit (FRSU) in Cyprus. Cyprus Energy Regulatory Authority (CERA) did not wish to comment as the procedure of reviewing the company`s application is ongoing to determine whether it is complete so that it can then begin evaluating its content,

In a press release issued today, the company says the MOU concerns the provision of engineering, supply and management engineering services for the design, the installations subsidiaries and the system of conducting systems at the Vassiko Terminal Point in Cyprus.

The company, the press release adds, "is able, with its international experience and know-how, to also provide Finished Liquefied Natural Gas Management Services."

The consortium Hoegh LNG, VTTV Vassilikos & H4E Gasfuel Ltd, the press release concludes, "aims to provide liquefied natural gas to Cyprus as soon as possible, which will reduce electricity costs for local consumers as well as gas emissions and gas emissions taxes."