Gastrade closes Alexandroupolis FSRU market test

Gastrade closes Alexandroupolis FSRU market testImage courtesy of Gastrade

Greece’s Gastrade said it has completed the first phase of the market test for the reservation of regasification capacity at the proposed floating LNG import terminal in Alexandroupolis.

Twenty companies submitted expressions of interest for a total of up to 12.2 billion cubic meters/year of regasification capacity reservation at the floating terminal and delivery to the Greek national natural gas transmission system.

These gas quantities will be directed towards the markets of the wider Southeastern European region, Gastrade said, adding that the expressions of interest surpassed the technical capacity of the project which is designed at 5.5 bcm/year.

“The highly successful outcome of the first phase of the market test and the great interest expressed for the Alexandroupolis LNG project by many important regional and international gas players is an essential step for the implementation of the project and ultimately for the upgrade of the energy position and the energy supply diversification of Greece, Bulgaria and the SE Europe as a whole,” said Konstantinos Spyropoulos, managing director of Gastrade.

The process of the first phase of the market test was initiated on October 30, 2018, and was conducted under the guidance and supervision of the regulatory authority for Energy of Greece (RAE).

The project will proceed to the next binding phase of the market test, once the relevant new guidelines and notice to the companies that will participate in this next phase are approved by RAE, Gastrade said.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >