NICOSIA, June 26 Cyprus signed a memorandum of
understanding on Wednesday with Noble Energy, Israel's
Delek and Avner, launching talks for the
construction of a liquefied natural gas terminal on the island
to tap vast reserves in the Eastern Mediterranean.
The deal is the first in a series of agreements which will
be required for the implementation of the project. A target date
of Dec. 31 2013 is specified for the completion and signing of a
"On this basis, it is planned that the first LNG cargo would
be delivered from the Vasilikos plant to international markets
in late 2019, early 2020," an official statement said.