“Satisfactory” capacity interest in Greek FSRU project

Gastrade, the developer of the Alexandroupolis LNG import facility, said Thursday that gas firms have submitted “satisfactory” binding bids to reserve regasification capacity at the Greek terminal.

Key gas market players in Greece and southeast Europe have reserved capacity of 2.6 bcm per year.

The long-term profile of binding offers reached up to 15 years, the unit of Greek energy group Copelouzos said.

“Critical step” towards realization

Gastrade’s LNG import project includes a FSRU to be located 17.6 kilometers offshore the town of Alexandroupolis in Northeastern Greece.

The vessel will have a design capacity of 5.5 billion cubic metres per year. This means that the booked capacity is less than 50 percent.

Gastrade announced the binding market test as “very satisfactory”.

The company said the test “far surpassed the one experienced in similar cases of new gas projects recently”.

This result and the participation of key gas market players “constitute a critical step towards the materialization of the project,” said Gastrade managing director Konstantinos Spyropoulos.

He said the project would lead to energy diversification and enhanced security of supply in the country.

Spyropoulos noted that this does not include just Greece but also the Balkans and the wider southeast European area.

- Advertisements -

Most Popular

QatarEnergy picks shipowners for 18 giant LNG carriers

LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive...

Canada’s FortisBC, Seaspan win provincial approval for Tilbury LNG jetty

Canadian utility and operator of the Tilbury LNG facility in the province of British Columbia, FortisBC, and its partner...

VTTI, IKAV to take majority stake in Italy’s Adriatic LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, joined forces with German asset manager IKAV to...

More News Like This

Gastrade: Greece’s first FSRU to start commercial ops by end of April

Greece’s Gastrade expects to launch commercial operations at its FSRU-based LNG import terminal off Alexandroupolis by the end of...

Greece’s Alexandroupolis FSRU gets commissioning cargo

Gastrade’s FSRU-based LNG import terminal off Greece’s Alexandroupolis received its first cargo of liquefied natural gas for commissioning purposes...

Update: Greece’s Alexandroupolis FSRU to receive first LNG cargo on Friday

Gastrade's FSRU-based LNG import terminal off Greece's Alexandroupolis will receive its first cargo of liquefied natural gas on Friday. "GasLog...

Gastrade: arrival of commissioning LNG cargo delayed due to bad weather

Greece’s Gastrade said that the arrival of the commissioning cargo at its FSRU-based LNG import terminal off Alexandroupolis had...