Progressing Towards Energy Independence: The Vasiliko LNG Terminal
The Vasiliko LNG terminal in Cyprus aims to boost the nation’s energy independence by facilitating LNG regasification, paving the way for cleaner and potentially more affordable electricity production while aligning with environmental objectives. Recognized as a vital project within the European context, it has encountered setbacks but is back on track, backed by a significant EU grant, indicating a strategic shift towards sustainable energy sources and economic stability for Cyprus.