“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

VesselsValue: Japan has the world’s most valuable LNG fleet

Japan owns the world’s most valuable fleet of liquefied natural gas (LNG) carriers, followed by Greece and South Korea,...

Four firms plan to liquefy e-methane at Cameron LNG and ship it to Japan

Japan's Tokyo Gas, Osaka Gas, Toho Gas, and Mitsubishi have revealed plans to produce synthetic methane or e-methane in...

LNG freight rates drop below $300,000 per day

Spot charter rates for the global LNG carrier fleet are continuing to decline in both basins and now they...

More News Like This

Bulgargaz books more Alexandroupolis FSRU capacity

Bulgaria's Bulgaragaz said it has booked additional capacity at Gastrade's FSRU-based LNG import project in Alexandroupolis, which is expected...

RINA, Asprofos win Alexandroupolis FSRU job

Italian classification society RINA and Greek engineering consultancy Asprofos have won a contract from Gastrade for the latter's FSRU-based...

Bulgaria, Greece complete gas pipeline

Bulgaria and Greece have completed a new pipeline which will allow Bulgaria to import natural gas from Azerbaijan and...

Greece’s Gastrade officially starts work on Alexandroupolis FSRU project

Greece’s Gastrade has officially started building its FSRU-based LNG import project in Alexandroupolis following the final investment decision earlier...