The multi-billion dollar project will allow the island to reach export phase by 2020. Construction will start in 2016 and is expected to last three years. The LNG plant could be made of up to 8 trains to accommodate and process gas from the island’s Eastern Mediterranean neighbours.

In 2011, and as a result of its exploratory drilling, Noble announced the Aphrodite discovery in Block 12 offshore Cyprus containing 5 to 8 Tcf with estimated gross mean resources of 7 Tcf. An appraisal well is being carried out by Noble with results expected to be announced by September 2013. The results of the appraisal well will however not affect Cyprus’ determination to move ahead with its LNG project.

An ENI/KOGAS consortium will also be involved in gas exploration activities offshore the island. The consortium signed an exploration and production-sharing contract with the Cypriot government in early 2013 covering 3 offshore areas (Blocks 2, 3 and 9). France’s Total also signed contracts with Cyprus for Blocks 10 and 11 of the island’s Exclusive Economic Zone. 

Energy Ministers of Israel and Greece are currently in Cyprus to sign an MOU with the island that will constitute “the framework of a tripartite dialogue on energy issues and water resources with specific suggestions for actions such as the protection of the environment and the management and development of water resources”, said Minister of Energy, Commerce, Industry and Tourism George Lakkotrypis.

Meanwhile in Israel, export routes and destinations remain unclear. While Woodside recently reaffirmed its interest in buying 30% of the stake in the 18 Tcf Leviathan for $1.25 billion to transport and sell the gas to East Asia customers, Delek and Avner, partners in the field, revealed their plan to export the gas via a sea-based pipeline to Turkey, Greece, and Cyprus instead. They also shared their plan to supply Jordan and the Palestinian Authority via a land-based pipeline with no mention to East Asia. Israel has not yet reached a final decision on the amounts of gas to be exported. The decision is currently in the hands of Israel’s High Court of Justice. The court could be transferring the decision-making power in regards to gas export to the Knesset (Israel’s Parliament) as opposed to the government given the importance of the issue. It is not until a decision is final that it will be clear how Israel will choose to proceed.

Karen Ayat is an analyst focused on energy geopolitics in the Eastern Mediterranean.

Company News

Authorized Economic Operator (Full)

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As Aristotle said Excellence is never an accident. It is always the result of high intention, sincere effort , and intelligent execution .It represents the wide choice of many alternatives Choice not change determines your destiny


On April the 22nd 2014 our Company has been attained as an Authorized Economic Operator Full (AEOF).
This certification is the highest level achievable in the EU programme for Authorised Economic Operators (AEO), and comprises Customs Simplifications and Security and is
been awarded to our company after strict and long term inspections, in our process and operations.

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Cooperation's based on respect, professionalism and common goals can only just be successful. After the successful cooperation in their product distribution , now our company has undertaken the whole logistics operation of A Hadjiyiannis and Sons Ltd, including forwarding, inventory control, warehousing , and distribution A Hadjiyiannis and Sons Ltd is a


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Huawei,  a leading global ICT solutions provider, reached into an agreement with our company to act as their agent and to handle their imports, exports, warehousing and distribution of all their products within Cyprus.




3PLogistics Agreement with Desras Trading

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Vassilikos LNG Terminal

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In the new era of one-stop service is ready to enter the Cyprus Ports Authority (CPA) in order to make the range of services it offers simpler, more efficient and faster. Even with the new electronic system will install and implement ALK will allow the whole number of partners to take a space all information relating to port operations.