Dialogos

Delays in Vassilikos Natural Gas Project Cost €1 Million Daily

Published January 20, 2026, 14:02
Delays in Vassilikos Natural Gas Project Cost €1 Million Daily

The Parliamentary Committee on Energy discussed the delays in the natural gas project in Vassilikos, which has been suspended since July 2024. MPs raised questions about the cost of the delay, estimated at €1 million per day. The Minister of Energy, Michalis Damianou, did not provide specific timelines but pledged to answer questions at the next meeting. Tension arose when the President of ETYFA refused to provide details on consultant fees, citing confidentiality. The Committee accused ETYFA of undermining parliament and lacking transparency.