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Economy

Cyprus Sees Finish Building Vasilikos LNG Terminal By End of Year

NICOSIA – An LNG (Liquified Natural Gas) terminal in Vasilikos should be constructed by the end of 2024 as part of the European Union’s Projects of Common Interest (PCI) scheme, with €101 million ($109.32 million) in funding, according to Energy Minister George Papanastasiou.

Construction was halted in late January following an appeal to a court of arbitration by the Chinese-led consortium CPP Metron, but it resumed after Papanastasiou spoke with company officials to get the project moving again.

He stated that utilizing LNG as an energy source will dramatically reduce the costs of electricity generation compared to other sources, although Cyprus has the potential for more solar power given its annual sunshine.

The government is awaiting decisions from the Italy-based ENI-led consortium about the Cronos gas field in block 6 of Cyprus’ Exclusive Economic Zone (EEZ), parts of which are not recognized by Turkey, which is also drilling for energy off the island.

The field has estimated reserves of between 2 and 3 trillion cubic feet, and appraisal drilling has shown its potential for lucrative development. Cyprus has licensed foreign companies to search for supplies in the sea.

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NICOSIA — The remains of recently identified Greek soldiers who fought in Cyprus against invading Turkish troops nearly a half-century ago were returned to their families on Thursday.

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NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

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The 30th Κalamata International Dance Festival Runs July 12-21

KALAMATA – Synonymous with the evolution of contemporary dance in Greece, the Kalamata Dance Festival celebrates 30 years of continuous presence this year, having established itself as the premier contemporary dance event in the country and one of the most significant dance events in Europe.

Permanently Unique Group announces their third foray into unique cuisine in Manchester’s Spinningfields shopping district.

NEW YORK (AP) — Manhattan prosecutors told a judge Wednesday they are evaluating more claims of sexual misconduct made against Harvey Weinstein and could potentially seek a new indictment against him before his scheduled retrial on rape and sexual assault charges.

NEW YORK – Greek-American Stratis Morfogen’s Diner 24, 283 3rd Avenue in Manhattan’s Gramercy neighborhood, was featured in the New York Post for hiring pastry chefs from an untapped demographic – yiayias and church ladies.

BROOKLYN – The Greek School of Plato in Brooklyn, NY is creating a full-day preschool program for children aged 2 to 4 of all nationalities.

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