Greece's Gastrade Says LNG Terminal on Track with Final Investment Decision
ATHENS (Reuters) — Greece's Gastrade said on Friday a final investment decision had been made on developing a Greek liquefied natural gas (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 billion cubic meters 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-kilometre 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
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- TC Energy’s North Baja Pipeline Expansion Brings Mexico Closer to LNG Exports
Comments