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.

- Advertisements -

Most Popular

Venture Global takes FID on second Plaquemines LNG phase

US firm Venture Global LNG has taken a final investment decision for the second phase of its Plaquemines LNG...

China’s COOEC wraps up LNG Canada module job

China Offshore Oil Engineering (COOEC), a unit of CNOOC, has delivered the last two modules it built for the...

India’s Swan Energy waiting on bank approval to finalize Turkish FSRU charter deal

India's Swan Energy is waiting for approval from a consortium of banks to finalize its FSRU charter deal with...

More News Like This

GasLog enters deal to sell steam LNG carrier

Peter Livanos-led LNG shipping firm GasLog has entered into a deal to sell a 2006-built liquefied natural gas carrier...

Greece’s DESFA says all Revithoussa LNG slots booked in 2023

Greece's DESFA said that seven users have reserved all of the available regasification slots in 2023 at its LNG...

DESFA: Greece received record 78 LNG cargoes in 2022

Greek liquefied natural gas imports via the Revithoussa terminal surged to record 78 LNG cargoes in 2022 due to...

DESFA: Revithoussa FSU gets first LNG cargo

GasLog’s 2006-built LNG vessel, GasLog Athens, has started serving as a floating storage unit at DESFA’s Revithoussa LNG import...