ECONOMY

Total to get involved in Cypriot LNG terminal

Total SA, already a strategic partner of the Cyprus government, has expressed an interest in extending its cooperation with Nicosia to the processing of natural gas, with the Cypriot Cabinet on Wednesday approving a draft memorandum of cooperation with the French energy giant, according to sources cited by Kathimerini in Cyprus.

The MoU concerns Total’s participation in planning and developing a liquefied natural gas (LNG) terminal to be constructed at Vassiliko, on the island’s southern coast.

Nicosia has already signed a deal with Noble for the same project, with ENI-Kogas set to follow.