Extension of public tender for the supply of gas to Cyprus

Further to the proposal submitted for the supply of natural gas through pipelines from the Leviathan project within a framework that was published by the Government of Cyprus through a Governmental gas company DEFA, Delek Group’s gas subsidiaries announced that they have accepted the request from DEFA to postpone the period of validity of the proposal and acceptance in its terms of a binding agreement for the supply of natural gas, from 15 August, 2014 to 30 November, 2014.

Accordingly, after the proposal has been recognised as eligible and DEFA begins with the commercial examination process, negotiations are expected to take place between DEFA and the bidders in the near future.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/20112014/extension-of-public-tender-for-the-supply-of-gas-to-cyprus/