“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.

Most Popular

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

Greek LNG imports jump in H1

LNG deliveries to DESFA's Revithoussa LNG terminal in Greece surged in the first half of this year, with the US supplying most of the volumes.

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.

Gastrade to begin gradual restart of Alexandroupolis FSRU in May

Greece's Gastrade plans to begin a gradual restart of Alexandroupolis FSRU operations next month, a Gastrade spokeswoman told LNG Prime.

Greek LNG imports jump in Q1

LNG deliveries to DESFA's Revithoussa LNG terminal in Greece jumped in the first quarter of this year, with the US supplying most of the volumes.