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Gastrade happy with gas bids for Greek offshore LNG terminal

Gastrade said that Greek and foreign gas firms have submitted satisfactory binding bids to reserve regasification capacity at a liquefied natural gas (LNG) terminal it is building in northern Greece.

The planned facility off the port of Alexandroupolis will become Greece’s second, alongside an existing one on an islet off Athens, and will supply gas to southeast Europe via a natural gas pipeline, the Interconnector Greece-Bulgaria (IGB).

Key gas market players in Greece and southeast Europe along with end consumers have reserved capacity of 2.6 billion cubic metres per year, with the long-term profile of binding offers reaching 15 years, Gastrade said in a statement.

Gastrade, part of Greek energy group Copelouzos, said a satisfactory result in the market test was key for proceeding with the project, which it expects to start operating in 2022.

In addition to Gastrade, Greek gas utility DEPA and GasLog hold 20% each in the new LNG terminal. Bulgaria has also said that it will buy another 20% stake in the project. (Reporting by Angeliki Koutantou; Editing by Alexander Smith)


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GasPro 2.0: A Webcast Symposium

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Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.

The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.

Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.

October 24, 2019 08:30 AM CDT

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