Cyprus Mail: DEPA reviewing final bids for natural gas supply

The Natural Gas Public Company (DEPA) has begun its final phase of assessing the technical tenders for the supply of natural gas, for a potential contract spanning at least seven years and worth upwards of €3bn.

DEFA, for the first time yesterday, looked at a report prepared by consultants assessing the technical tenders on the basis of pass-fail criteria, such as the bidders’ financial standing, creditworthiness, experience and compliance with the technical specifications of the tender.

Based on its initial invitation for proposals, DEPA is seeking a supply line for seven to ten years, commencing in January 2016 and no later than June 2017.

It is looking for a comprehensive solution involving all commercial and infrastructure requirements including sourcing, transportation and processing.
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