Gastrade says LNG terminal on track with a FID
Greece's Gastrade said a FID had been made on developing a Greek LNG terminal, the last step before building the project begins.
Gastrade is developing a floating LNG facility off the northern city of Alexandroupolis, with an annual capacity of about 5 Bm3 of gas.
The Copelouzos family, GasLog Cyprus Investments, Greek gas utility DEPA Commercial, Greek gas grid operator DESFA and Bulgartransgaz all have stakes in the project, which is expected to start operating by the end of 2023.
Gastrade said in a statement that the shareholders have unanimously approved that all requirements for the project have been secured and it is on track.
The facility will be linked to the Greek gas grid via a 28-kilometer pipeline and carry gas on to Bulgaria and North Macedonia as part of Greece's drive to diversify its gas resources and become an energy hub in southeastern Europe.
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