DESFA becomes partner in Greek FSRU project

Greece’s gas grid operator DESFA has purchased a 20 percent stake in Gastrade, the developer of the planned Alexandroupolis LNG import facility.

DESFA, owned by a consortium led by Italy’s Snam, said it signed the deal with Gastrade on Wednesday.

Gastrade’s LNG import project includes an 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.

To remind, Bulgaria’s state gas firm Bulgartransgaz has earlier this year also purchased a 20 percent stake in Gastrade.

The other shareholders include Copelouzos, DEPA, and Gaslog that will provide the FSRU.

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

Most Popular

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

Gastrade: Alexandroupolis FSRU remains offline due to technical issue

"For the moment, regasification services have been suspended due to a technical issue, for which we will provide further...

BP delivers US LNG cargo to Bulgargaz via Alexandroupolis FSRU

The 2021-built 174,000-cbm, BW Lesmes, delivered the shipment to the 153,500-cbm FSRU, Alexandroupolis, on January 19, a spokeswoman for...

Greek LNG imports drop in 2024

The Greek gas grid and LNG terminal operator said Revithoussa LNG shipments in 2024 totaled 18.69 terawatt hours (TWh)...

Ukraine’s DTEK receives first US LNG cargo via Greece

DTEK’s unit D.Trading received the shipment at the Revithoussa facility onboard the 2010-built 155,000-cbm, GasLog Savannah, on December 27. According...