spot_img

      Subscribe Now!

 

Thursday, August 18, 2022
spot_img
spot_img
GreeceUS Ambassador Pyatt welcomes milestone in LNG station project for Alexandroupolis

US Ambassador Pyatt welcomes milestone in LNG station project for Alexandroupolis

Avatar
Hellenic News of Americahttps://www.hellenicnews.com
The copyrights for these articles are owned by HNA. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of HNA and its representatives.

Latest articles

United States Ambassador to Greece Geoffrey Pyatt welcomed Gastrade’s adoption of the Final Investment Decision (FID) for the construction of the Alexandroupolis Independent Natural Gas System (INGS), in a tweet.

The FID is the last and most important milestone, before entering the project’s construction phase, and as Ambassador Pyatt noted, “A big step forward for energy security and climate SE Europe. Congratulations all around.”

Gastrade announced the news on Friday, following shareholders’ approval that all requirements for the materialization of the project have been secured, and the project is on track in line with its schedule.

The construction and operation of the Alexandroupolis Liquefied Natural Gas (LNG) Terminal will contribute to the energy security, liquidity and diversification of the country and the entire Southeastern Europe region, strengthening the strategic role of Greece and offering alternative sources and routes for the supply of natural gas in the area.

The Floating Storage and Regasification Unit (FSRU), with a capacity of 153,500 sq.m. of LNG, will be connected to the National Natural Gas Transmission System of Greece with a 28km-long pipeline, through which the gasified LNG will be transmitted to the markets of Greece, Bulgaria and the wider region, from Romania, Serbia and North Macedonia, as all the way to Moldova and Ukraine.

Thanks for reading Hellenic News of America

The Terminal is expected to operate by the end of 2023, with the contracted regasification capacity already reaching up to 50% of it’s technical capacity of 5.5 billion sq.m. per year. Alexandroupolis INGS is included in and financed by the Operational Program of the NSRF “Competitiveness, Entrepreneurship and Innovation 2014-2020” (EPAnEK), with an amount of public spending of 166.7 million Euros.

The Alexandroupolis LNG project also involves the Hellenic Natural Gas Transmission System Operator SA (DESFA), the Public Gas Corporation of Greece (DEPA Commercial S.A.), GasLog Cyprus Investments Ltd, and Bulgartransgaz EAD of Bulgaria.

SOURCE: AMNA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

Get Access Now!

spot_img
spot_img
spot_img