A Chinese-led consortium has decided to terminate its contract with Cyprus to construct the country's first natural gas import terminal due to alleged non-payment by the Cypriot government. The CPP-Metron Consortium cited the government's failure to fulfill its financial obligations for work completed this year as the reason for its withdrawal.
The consortium claimed that despite assurances made during a meeting chaired by President Nikos Christodoulides in March, the government did not honor its commitments to make payments. This led to the consortium facing cash flow issues, ultimately resulting in the decision to end the contract.
