Dialogos

Vasiliko Terminal: A Scandal of Hundreds of Millions

Published January 25, 2026, 09:02
Vasiliko Terminal: A Scandal of Hundreds of Millions

The natural gas terminal in Vasiliko, a flagship project of the previous government, has evolved into a scandal of hundreds of millions of euros. Seven years after its commencement, the project remains incomplete, with a massive budget overrun and delays exceeding three years. The awarding of the project to the Chinese consortium CPP, despite doubts about its suitability, and its subsequent withdrawal after minimal progress, have sparked strong reactions. The European Commission has identified serious irregularities in the tender and demands the return of a significant portion of the funding. Simultaneously, the European Public Prosecutor's Office is investigating the project for potential criminal liabilities. The scandal has triggered a political storm and raised questions about transparency and accountability in the management of public works.