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President: LNG terminal still on the table

23/12/2014 18:04
President of the Republic Nicos Anastasiades said that the government`s decision for the construction of a Liquefied natural gas (LNG) terminal is still on the table, but stressed that this decision is subject to certain conditions.

“The LNG terminal is a decision that is still on the table but it is a decision which is subject to some conditions”, he said, adding that when the government took this decision it took into consideration information about a great amount of hydrocarbon reserves, which made this investment a viable one.

It is noted that the government has repeatedly stressed that the decision to build an LNG terminal will be finalized once the quantities for hydrocarbon reserves found in Cyprus` EEZ allow such an investment to be viable.