August 16, 2022

MarineCurrents

Current Maritime News | Clean Energy

Gastrade developing FSRU for Alexandroupolis LNG terminal

1 min read
marine-news-Gastrade developing FSRU for Alexandroupolis LNG terminal

To deal with the energy crisis in Europe, the government of North Macedonia has started a process for reservation of LNG capacities from the FSRU project in Alexandroupolis, Greece.

LNG from Romania, Serbia, and Ν. Macedonia, as far as Moldova and Ukraine will go to the markets of Greece, Bulgaria through the 28 kilometers long pipeline with the national gas transmission system.

Alexandroupolis Independent Natural Gas System (INGS) is working on a floating liquefied natural gas terminal southwest of Alexandroupolis, in the Aegean Sea. Greek company Gastrade is developing the Floating Storage and Regasification Unit (FSRU) for the terminal. This is to secure the natural gas capacity supply.

The station will have an LNG storage capacity of 170,000 cubic meters and a natural gas supply capacity that will exceed 5.5 billion cubic meters per year.

The Alexandroupolis LNG terminal will become operational in early 2023. Most importantly, it will be a new, independent energy gateway for the markets of Southeastern and Central Europe.

Moreover, this investment might potentially lead to the opening of a second route. It might bring LNG supply from other countries, in addition to the current supplier. 

European Union declared this a project of special interest. Therefore, the European Commission approved €166.7 million ($ 198.9 million) Greek support measure for the construction of the LNG terminal.

Source Offshore-energy