The Natural Gas Infrastructure Company (ETYFA) has announced that it has reached an agreement in principle with a Chinese consortium, which includes COSCO and CPP, for the delivery of the floating storage and regasification unit (FSRU) named ‘Prometheus.’ This agreement marks a significant step in enhancing Cyprus’s energy infrastructure, which is critical for meeting the island's growing natural gas needs. Originally, the FSRU was scheduled to be deployed at a terminal in Vasilikos, a strategic location intended to facilitate the import and processing of liquefied natural gas (LNG). However, the construction of the Vasilikos terminal has encountered various delays, resulting in its incomplete status. As a result, ETYFA is now tasked with identifying alternative options for the FSRU's deployment. To navigate this complex situation, ETYFA plans to engage a consultant with expertise in natural gas infrastructure projects. This consultant will be responsible for providing strategic guidance on potential locations, logistics, and regulatory requirements, ensuring that the project can adapt to the current challenges effectively. The consultant's insights will be crucial in determining how to best utilize the FSRU in a way that aligns with Cyprus’s energy goals and timelines. Furthermore, this collaboration with the Chinese consortium is seen as a pivotal move to enhance Cyprus’s energy security and diversify its energy sources. The FSRU ‘Prometheus’ is expected to play a vital role in stabilizing supply and supporting future energy demands, particularly as the island aims to transition towards cleaner energy sources. Overall, this agreement is a significant step forward in addressing both immediate and long-term energy needs for Cyprus.