skip to Main Content
Gastrade To Cooperate With Regional Energy Companies On The Alexandroupolis LNG Terminal

Gastrade to cooperate with regional energy companies on the Alexandroupolis LNG Terminal

Source: Port Authority of Alexandroupolis
Alexandroupolis, Greece (PortSEurope) March 31, 2021 – Greek company Gastrade SA has signed an agreement for the cooperation of National Energy Resources (NER AD) Skopje and AD Power Plants of Northern Macedonia (AD ESM) with the Alexandroupolis LNG Terminal. NER AD aims at acquiring a share in the share capital of Gastrade whilst AD ESM wants to reserve capacity at the terminal on a long-term
basis. Gastrade is developing the liquified natural gas (LNG) floating storage and regasification unit (FSRU) offshore Alexandroupolis in Greece, which will be a new, independent energy gateway for the markets of Southeastern and Central Europe. 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.

To continue reading please subscribe or log in.

PortSEurope offers an English-language daily coverage from over 200 ports in the Mediterranean, Black and Caspian Seas as well as a fully indexed and easily searchable database with more than 15,000 articles.

Subscribe now
Back To Top