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The LNG import terminal project in Vasiliko, Cyprus, is incurring €350 million in annual costs for taxpayers due to greenhouse gas emissions from continued diesel electricity generation. The project has been stalled since July 2024, when the Chinese-led consortium withdrew.

The head of the natural gas public company Defa, Giorgos Ashikalis, announced that bids for subcontractors will soon be invited to resume work. The Prometheas vessel, needed for the project, remains in Malaysia while the government explores options for certification and leasing. The European Commission is involved due to funding irregularities, and the government must return €67 million related to the project.