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Cyprus to discuss with Deutsche Bank LNG terminal financing prospects
CNA - Cyprus/NICOSIA 23/04/2014 17:05


A high level delegation of the German giant Deutsche Bank arrives in Cyprus tomorrow to discuss with Cypriot Energy Minister Giorgos Lakkotripis the financing prospects over a Natural Gas Liquefaction (LNG) terminal in Cyprus.

Reliable sources told CNA that both the Deutsche Bank delegation as well as the imminent visit of a European Investment Bank (EIB) delegation in May lie in the context of the Cyprus government`s efforts to involve European investors in the development of the island`s natural gas reserves via an onshore LNG terminal.

The Deutsche Bank delegation and the Cypriot government will initially explore the financing prospects for the LNG terminal in relation with the reserves of the Israeli Leviath

(CNA)

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