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EU Commission Approves New Liquid Natural Gas Terminal In Alexandroupolis, Greece

EU Commission approves new liquid natural gas terminal in Alexandroupolis, Greece

Source: Port Authority of Alexandroupolis
Alexandroupolis, Greece (PortSEurope) June 18, 2021 – The European Commission has approved €166.7 million in support for the construction of a new liquid natural gas (LNG) terminal in Alexandroupolis, Greece. The project will contribute to the security and diversification of energy supplies in Greece and, more generally, in the region of South East Europe, without unduly distorting competition. The FSRU will be located 17.6 km
southwest of the port of Alexandroupolis and will have an LNG storage capacity of 170,000 m³ and a natural gas supply capacity that will exceed 5.5 billion m³ per year. The floating unit will be connected to the National Natural Gas System of Greece via a 28 km long pipeline, through which the regasified LNG will be transmitted to the markets of Greece, Bulgaria, North Macedonia and the wider region from Serbia and Romania to Hungary, Moldova and Ukraine. The LNG terminal in Alexandroupolis is expected to be operational in 2023. Greece plans a new LNG terminal in Alexandroupolis, consisting of a Floating Storage Regasification Unit (FSRU) for the reception, storage and regasification of LNG, as well as a system of a sub-sea and an onshore gas transmission pipeline which will connect the FSRU to the National Natural Gas System of Greece (NNGS). The project is included in the lists of European Project of Common Interest in the energy sector, based on the EU TEN-E (Trans-European Network for Energy) rules. It is considered key to diversifying energy supply in Greece and the regional. Greece has confirmed that the LNG Terminal could also handle hydrogen. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “The new LNG terminal in Alexandroupolis will improve gas supply and infrastructure not only in Greece, but in the whole South Eastern European region. This will contribute to achievement of the EU’s goals in terms of security and diversification of energy supply. The Greek support measure limits the aid to what is necessary to make the project happen and sufficient safeguards will be in place to ensure that potential competition distortions are minimised.” The port of Alexandroupolis has become of increased geopolitical importance in the region. In March this year, U.S. Ambassador to Greece, Geoffrey R. Pyatt said that defense and security relations between Washington and Athens had developed over the last years. He added that, “The U.S. interest in Alexandroupoli obviously goes beyond our military and security cooperation. We are very serious about the U.S. Development Finance Corporation and their commitment of interest to the privatization of that port and the associated port of Kavala”. Further PortSEurope reading: HRADF pre-qualifies interested parties for the next phase of the tenders of Alexandroupolis and Kavala ports – March 30, 2021 U.S. Ambassador to Greece highlights importance of Alexandroupoli – March 5, 2021 Gastrade to cooperate with regional energy companies on the Alexandroupolis LNG Terminal – April 4, 2021 Copyright (C) PortSEurope. All Rights Reserved. 2021.

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