Rumors have finally been put to rest as Norwegian energy company Hoegh LNG has finally confirmed that it had indeed submitted a proposal to install of a Floating Storage Regasification Unit (FRSU) in Cyprus.

According to a statement from the company itself, officials sent letters to President Nicos Anastasiades along with finance and energy ministers, where they highlighted the key benefits and advantages to installing an FSRU in Cyprus, and especially at Vasiliko.

Hoegh LNG went on to add that the main purpose behind sending these letters was to help the government understands more regarding the proposal that had officially been submitted to Cyprus Energy Regulatory Authority (Cera).

In the meantime, CERA itself, refused to make any comments due to the ‘under-review’ status of the application.

The proposal in question includes installing said FSRU at Vasiliko in Quarter 1 of of 2021, along with a pipeline that would to transport gas to EAC’s power plant, as well as other potent users.