Gastrade launches tender for Alexandroupolis FSRU services contract

Greece’s Gastrade has launched a tender for the provision of marine support services for the FSRU-based LNG import project in Alexandroupolis.

Gastrade said in a statement issued last week that the deadline for receiving proposals is April 30, 17:00 Athens time.

The firm did not disclose any other details regarding the contract.

Gastrade took the final investment decision on the project worth 363.7 million euros ($391 million) in January last year and has officially started construction in May the same year.

The company’s shareholders include founder Copelouzou, DESFA, DEPA, GasLog, and Bulgartransgaz.

With this project, Greece will get its first FSRU and the second LNG import facility, adding to DESFA’s import terminal located on the island of Revithoussa.

Greece’s first FSRU will connect to the gas grid via a 28 km long pipeline, which includes offshore and onshore sections, to supply the markets of Greece, Bulgaria and the wider region.

Launch in Q4

Gastrade said in the statement that expects the project with a capacity of 5.5 Bcm to start commercial operation in the fourth quarter of this year.

Last year, shareholder and LNG shipping firm GasLog told Singapore’s Keppel Offshore & Marine to proceed with the conversion of the 2010-built 153,600-cbm LNG carrier, GasLog Chelsea, to an FSRU.

GasLog will sell this unit to Gastrade for about $265 million.

The vessel entered the yard in February this year and the partners renamed it to Alexandroupoli.

Besides this project, Gastrade is working on another similar development.

The Thrace LNG project would consist of a 170,000-cbm FSRU located in the Thracian Sea, offshore Alexandroupolis.

Most Popular

Venture Global, Petronas seal 20-year LNG SPA

US LNG exporter Venture Global LNG has signed a 20-year LNG supply contract with Malaysian energy giant Petronas for volumes from the CP2 project in Louisiana.

Golden Pass LNG seeks re-export approval

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is seeking approval from the US DOE to export previously imported LNG from October, as it nears the launch of the first liquefaction train.

TPDC, Energetech Tantel to develop Tanzanian small-scale LNG plant

State-run Tanzania Petroleum Development Corporation has signed a memorandum of understanding with Energetech Tantel to develop what they say is Tanzania's first small-scale LNG plant.

More News Like This

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.

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.

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.

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.