{"id":4480,"date":"2025-03-05T04:58:49","date_gmt":"2025-03-05T04:58:49","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/03\/05\/vasilikos-gas-project-needs-more-money\/"},"modified":"2025-03-05T04:58:49","modified_gmt":"2025-03-05T04:58:49","slug":"vasilikos-gas-project-needs-more-money","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/03\/05\/vasilikos-gas-project-needs-more-money\/","title":{"rendered":"Vasilikos gas project needs more money"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1263234\">\n    <!-- .entry-header --><\/p>\n<div class=\"first-img article_thumbnail_wrapper\" itemscope=\"\" itemprop=\"associatedMedia\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n                                                                    <picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/03\/Vasilikos-320x200.jpg?v=1741124610\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/03\/Vasilikos.jpg?v=1741124610\" alt=\"Vasilikos gas project needs more money\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/03\/Vasilikos.jpg?v=1741124610\"\/><br \/>\n                        <\/source><\/picture>\n                                                        <\/div>\n<div class=\"entry-content\" itemprop=\"articleBody\">\n<p>The ambitious Vasilikos gas terminal project in Cyprus is facing financial and logistical hurdles, with an additional \u20ac200 million needed to complete construction. The Finance Ministry is now reviewing funding options, as officials warn that delays could further raise costs and prolong Cyprus\u2019 reliance on expensive energy sources.<\/p>\n<p>Ministry spokesman Dionysis Dionysiou recently confirmed to Parliament that the ministry is assessing how to cover the extra cost. Minister George Papanastasiou insisted that the project could still be completed by the end of 2025, though he acknowledged that this is an \u201cambitious\u201d target.<\/p>\n<p>Progress has been made on the onshore terminal and pier, but strict oversight from the General Accounting Office has slowed decision-making, officials said. Papanastasiou emphasized that while delays are frustrating, all procedures are being followed in accordance with the law.<\/p>\n<p>A key component of the project, the floating gasification unit Prometheus, remains in Malaysia, awaiting certification for two systems worth \u20ac7 million. The vessel is valued at around \u20ac200 million, but officials are now considering alternative solutions to expedite its deployment.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/economy\/1263234\/vasilikos-gas-project-needs-more-money\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ambitious Vasilikos gas terminal project in Cyprus is facing financial and logistical hurdles, with an additional \u20ac200 million needed to complete construction. The Finance Ministry is now reviewing funding options, as officials warn that delays could further raise costs and prolong Cyprus\u2019 reliance on expensive energy sources. Ministry spokesman Dionysis Dionysiou recently confirmed to &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Vasilikos gas project needs more money\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/03\/05\/vasilikos-gas-project-needs-more-money\/#more-4480\" aria-label=\"Read more about Vasilikos gas project needs more money\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/03\/Vasilikos.jpg?v=1741124610","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-4480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/4480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=4480"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/4480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/4481"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=4480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=4480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=4480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}