Overview
The Action concerned optimisation studies required for the efficient establishment of an Integrated Storage, Transmission and Distribution System of natural gas in Cyprus, with regards to the energy (industrial and commercial users) and transport sectors (marine and road transport) in the form of Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG).
The CYnergy project takes as a focal point a floating LNG Facility to be developed in Cyprus and aims at developing a comprehensive strategy for the introduction and use of natural gas by the sectors of transport and energy in Cyprus.
The project will concentrate on executing the entire necessary market-related, technical and financial, commercial and environmental studies for the introduction of LNG and CNG, as alternative fuels in the energy and transport sectors, the development of the respective supply chain, the financing of necessary investments and the market roll-out and optimisation.
The outcome of the Action will be studies and reports which will be used for the examination of synergies that will occur in the energy and transport sectors and will contribute to achieving the smooth transition to the alternative fuel era, as well as to ensuring a sustainable energy and transport system in Cyprus.