Greece’s Gastrade extends tender deadline for commissioning LNG cargo

Greece’s Gastrade has extended the bid deadline for its tender seeking a liquefied natural gas cargo for the commissioning of its FSRU-based LNG import terminal in Alexandroupolis.

The firm launched the tender on October 31 for the supply of the commissioning cargo and relevant services saying the tender closes on December 5.

However, Gastrade first extended the closing date of the tender to December 8 and it said in the latest announcement that the tender closes on December 15, 16:00 CET.

Gastrade confirmed that it excepts to launch commercial operations in the first quarter of 2024.

The 153,600-cbm Alexandroupolis, which will serve Gastrade’s LNG import terminal, recently left Singapore and is on its way to Greece.

Gastrade expects the converted FSRU to arrive on December 17.

According to its AIS data, the FSRU was early on Thursday located in Egypt’s Suez Canal.

The Greek company took the final investment decision on the project worth about 363.7 million euros ($394 million) in January last year and officially started construction in May the same year.

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

Shareholder and Greek LNG shipping firm GasLog told Keppel Offshore & Marine, now Seatrium, in February last year to proceed with the conversion of the 2010-built, GasLog Chelsea, to an FSRU.

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

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

The Alexandroupolis LNG terminal will have a capacity of 5.5 Bcm.

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

In addition to this unit, Gastrade is also planning to install a second FSRU offshore Alexandroupolis.

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