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.

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