
The European Public Prosecutor’s Office (EPPO) in Nicosia (Cyprus) has opened an investigation into a project for a liquefied natural gas (LNG) import terminal in Cyprus, on suspicion of procurement fraud, misappropriation of EU funds and corruption.
The project aims to create an entry point for natural gas to Cyprus, enabling the country to connect with the wider European gas market, and involves a cost of €542 million – of which approximately €101 million was financed by the Connecting Europe Facility (CEF) programme. The construction, which should have been concluded in December 2019, has not yet been completed.
The investigation was initiated following the publication on 19 January 2024 of a report by the Audit Office of the Republic of Cyprus, regarding possible violations during the procurement procedure and the subsequent execution of the public contract for the LNG project. The European Court of Auditors and the European Climate, Infrastructure and Environment Executive Agency (CINEA) also sent reports to the EPPO.
After receiving this information and examining it in detail, the EPPO has taken the decision to open an investigation, in order to inquire into the contracts awarded by the public authorities.
No further details will be made public at this stage. Whenever we can say something else about this investigation, we will do so proactively.
The EPPO is the independent public prosecution office of the European Union. It is responsible for investigating, prosecuting and bringing to judgment crimes against the financial interests of the EU.
Source: EPPO
Related News.
November 6, 2026
India joins ISF Verify, bringing trusted digital certification within reach of 30 per cent of the global seafarer workforce
Agreement with the world’s second-largest seafarer supply country marks a major milestone for global digital certification. The Directorate General…
November 6, 2026
OpenGate Capital to acquire Maersk Training, the Global Safety Training and Gas-Safety Services Business of Maersk
OpenGate Capital, a global private equity firm, announced today that it has signed a definitive agreement to acquire Maersk Training and its…
November 6, 2026
Can AI Save the Planet? Planet Classroom examines AI’s Climate Impact, Energy Demands and Clean Energy Solutions
C. M. (Cathy) Rubin and The Nest Campus CEO Peter Gilmer explore AI's growing environmental footprint, billions in climate investment, and the…
November 6, 2026
Smart Port Market Size to be valued at USD 23.10 Billion by 2034; Increasing Volume of International Maritime Trade to Boost Market Development: Fortune Business Insights™
The global smart port market size was valued at USD 3.4 billion in 2025 and is expected to be worth USD 4.2 billion in 2026. The market is projected…
November 6, 2026
Closer cooperation with India can strengthen Danish shipping
Minister of Business and Competitiveness Martin Lidegaard is leading a Danish business delegation to India. Green shipping is among the…
November 6, 2026
IRClass Academy and PIP Makassar strengthen Executive Maritime Capability through IMPDP 2026
Indian Register of Shipping , through its professional training and development arm IRClass Academy, has further strengthened its engagement in…
November 6, 2026
MOL, Sharp, IOM Implement Solar Panel Donation Project
Move Will Enhance Living Conditions in Power-short Areas of Kenya Mitsui O.S.K. Lines, announced the donation of solar power panels to communities in…
November 6, 2026
Intermodal Report Week 44 2026
Pls find below the Intermodal Report - Week 44 2026 Intermodal Report Week 44 2026
November 6, 2026
Allied Weekly Market Review Week 44
Pls find below the Allied - Weekly Market Review - Week 44 ALLIED - Weekly Market Report- Week 44
November 6, 2026
Nor-Shipping partners with Marketing in Maritime to deliver Marketing & Communications day and awards in 2027
Nor-Shipping is partnering with Marketing in Maritime to deliver a dedicated Marketing & Communications Day and awards initiative at the 2027…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























