Emerging alternatives in megaproject management: the pioneering LNG energy project in Cyprus
Emerging alternatives in megaproject management: the pioneering LNG energy project in Cyprus
Author(s): Andrey AFANASIEV, Savvas CONSTANTINOU, Stelios GEORGIOU, Olga KANDINSKAIASubject(s): Energy and Environmental Studies
Published by: Wyższa Szkoła Bankowa we Wrocławiu
Keywords: project management; emerging alternatives; megaprojects; LNG energy project; value creation; risk assessment; ESG;
Summary/Abstract: Aim: The aim of this paper is to contribute to the project management studies by systematization, generalization, and structurization of information about an energy megaproject in Cyprus, as well as to provide practical insights and guidance on how megaprojects can be started and managed in other locations. Design / Research methods: By its research design, this paper is a case study analysis. The major focus of the case study is the decision-making process of the LNG energy megaproject in Cyprus. Conclusions/findings: Even positive emerging alternatives, like the discovery of new natural resources, can delay a megaproject instead of speeding up due to impact on the decision-making process and reassessment of the value creation. Originality/value of the article: The LNG energy megaproject in Cyprus provides a unique example of an emerging strategic alternative that requires a reassessment of the initial approach and its comparison in terms of value creation with the newly appeared opportunity.
Journal: Central European Review of Economics and Management (CEREM)
- Issue Year: 8/2024
- Issue No: 1
- Page Range: 39-75
- Page Count: 37
- Language: English