Contracts and TendersEurope

Bulgarian gas firm buys stake in Greek FSRU project

By Mirza Duran
Bulgarian gas firm buys stake in Greek FSRU project
Image: Gastrade

Bulgaria’s state gas firm Bulgartransgaz has purchased a 20 percent stake in Greece’s Gastrade, the developer of the planned Alexandroupolis LNG import facility.

The Bulgarian firm signed the deal in Athens on Monday with Gastrade and project partners GasLog and DEPA.

Gastrade’s LNG import project includes a FSRU to be located 17.6 kilometers offshore the town of Alexandroupolis in Northeastern Greece.

Furthermore, the 5.5 bcm per year vessel will supply the fuel to several markets in the region.

This includes Greece, Bulgaria and the wider region, from Romania, Serbia and North Macedonia to Hungary, Moldova and Ukraine.

Gas market players in Greece and southeast Europe have already reserved 2.6 bcm per year capacity at the facility.

Gastrade aims to launch the LNG terminal in Alexandroupolis in early 2023.

Most Popular

LNG Terminals

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.
Vessels

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.
Contracts and Tenders

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

Vessels

Excelerate buys GasLog LNG carrier

US FSRU player Excelerate Energy has purchased a 2007-built steam liquefied natural gas (LNG) carrier from GasLog Partners, a part of Greek LNG shipping firm GasLog, according to brokers.
Vessels

GasLog: 12 LNG carriers scheduled for drydocking this year

Greek LNG carrier owner GasLog expects 2025 to be its busiest year for repairs, with a total of 12 vessels scheduled for drydocking maintenance, spread in shipyards worldwide.
Vessels

GasLog, Jiangnan ink LoI for LNG carrier duo

China’s Jiangnan Shipyard has signed a letter of intent with Greek LNG shipping firm GasLog to build two liquefied natural gas (LNG) carriers, according to shipbuilding sources.
LNG Terminals

Gastrade to restart Alexandroupolis FSRU ops in August

Greece's Gastrade plans to resume Alexandroupolis FSRU operations on August 15 following a technical issue in January this year.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA