Greece’s Dioriga Gas says 15 firms interested in booking FSRU capacity

Dioriga Gas, a unit of Motor Oil, said that fifteen firms have shown interest in booking capacity at its planned FSRU-based import project in the Gulf of Corinth, following a non-binding market test.

The LNG terminal developer launched the first phase of the market test in October and extended the deadline for submissions in December.

According to a statement by Dioriga Gas issued on Thursday, the deadline ended on January 14, and fifteen Greek and international companies submitted the expression of interest.

The LNG quantities that were “committed during the non-binding phase for all the products offered and for the first five years of operation of the FSRU, were more than double the estimates of the group, proving the importance of this investment,” it said.

“The project is moving towards the next binding market test phase following any necessary regulatory approval,” Dioriga Gas said.

Dioriga Gas did not reveal any additional information.

Two Greek FSRUs

In June last year, the firm signed a deal with Greece’s gas grid and Revithoussa terminal operator DESFA.

The duo signed the advanced reservation of capacity agreement for the construction of the connections between the FSRU and DESFA’s gas grid.

In addition to the FSRU, Dioria Gas plans LNG barge reloading and truck loading facilities.

Besides the DESFA deal, Diorigas Gas also signed a deal with Japan’s shipping giant MOL on July 16, according to its website.

The two firms signed a “project procurement contract for the development of the basic and FEED” for the FSRU-based terminal.

The 4 Bcm terminal would be located about 70 km from Athens, in the area of Agioi Theodori, near Motor Oil’s refinery.

Dioriga Gas says the FSRU would have a maximum storage capacity of up to 210,000 cbm and it would connect to a jetty about 150 meters from the coast.

If the project realizes, Greece would have at least two FSRUs in operation. Gastrade, the developer of the planned Alexandroupolis LNG import facility, aims to launch its project by 2023.

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