European Prosecutor Launches Investigation into Cyprus LNG Terminal Project
The European Prosecutor’s Office Decided to Proceed With the Investigation After Thoroughly Examining the Information Received
The European Public Prosecutor's Office (EPPO) in Cyprus has initiated an investigation into the construction of the Liquefied Natural Gas (LNG) import terminal at Vasilikos, according to an announcement from Luxembourg. The investigation focuses on potential fraud in public procurement, misuse of EU funds, and corruption.
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The investigation began following the publication of a report by the Audit Office of the Republic of Cyprus on January 19, 2024. The report highlighted possible violations in the contract award process and the execution of the public contract for the project. Additionally, the European Court of Auditors and the European Climate, Infrastructure and Environment Executive Agency submitted reports to the EPPO.
The European Prosecutor's Office decided to proceed with the investigation after thoroughly examining the information received, according to the announcement. It was noted that no further details will be disclosed at this stage.
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The project aims to establish an entry point for importing natural gas into Cyprus, enabling the country to connect with the broader European gas market. The total cost of the project is estimated at €542 million, with approximately €101 million funded by the Connecting Europe Facility program. The construction was originally scheduled to be completed by December 2019.
The EPPO, an independent prosecution office of the European Union, is responsible for investigating, prosecuting, and bringing to judgment crimes against the EU's financial interests.