Gastrade gives greenlight for Alexandroupolis LNG

Athens, January 31 - Neftegaz.RU.Gastrade has taken the final investment decision (FID) for the Alexandroupolis LNG terminal, its the last and most important milestone, before entering the project’s construction phase
This will provide additional energy security in Greece and the entire Southeastern Europe region.

The project involves a floating storage and regasification unit (FSRU), which will have 153,500 m3 of LNG capacity.
A 28 km pipeline will connect the FSRU to Greece’s gas transmission system.

The network runs to Bulgaria and the wider region.
The plant should start operations by the end of 2023.

Gastrade has said it has already contract capacity for around half the plant’s capacity.
It will have 5.5 billion m³ per year of potential throughput.

Gastrade chairperson Elmina Copelouzou said:

• The FID opened a new, important chapter in the energy security of the country and Southeastern Europe
• We are particularly happy that Gastrade has undertaken a critical project that is a priority for the EU

The European Commission has opted to support the LNG import project, providing 166.7 million euros ($186 million).

DESFA CEO Maria Rita Galli said the project would allow Greece:

• to further emerge as an energy hub for the area, enhancing gas exports to the markets of Southeastern and Central Europe, increasing diversification of supply sources and substantially contributing to the energy transition of Greece and the wider region

DESFA will provide technical knowhow and experience based on its work at the Revithoussa LNG terminal, she said.

Author: Ed Reed