Cypriot plans to import LNG are mired in controversy with the EU’s European Public Prosecutor Workplace (EPPO) on 25 July saying it has “opened an investigation right into a mission for a liquefied pure fuel import terminal in Cyprus, on suspicion of procurement fraud, misappropriation of EU funds and corruption.”
Cyprus in 2018 snagged an €101mn EU grant in direction of the then-€500mn plans, of which €68.7mn has already been distributed. On the time Cypriot officers overtly admitted that the configuration of the mission – with the commissioning of a bespoke FSRU quite than the lease of an present vessel – was designed to maximise the potential for snagging EU funds (MEES, 12 October 2018). (CONTINUED – 1029 WORDS)
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