Cyprus LNG Import Snafu Deepens Amid EU Corruption Claims…

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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