Gastrade SA has taken final investment decision (FID) for construction of a 5.5-billion cu m/year LNG regasification terminal in Alexandroupolis, Greece. FID was for the planned Independent Natural Gas System of Alexandroupolis, of which the terminal is a part, and clears the way to start building.
Gas from the terminal, expected to be completed by end-2023, will supply regional markets in southeast Europe. Regasification contracts have been signed for 50% of its capacity.
A 28-km pipeline will connect the floating storage and regasification unit planned for the terminal to the National Natural Gas Transmission System of Greece. Natural gas will then be shipped throughout Greece and Bulgaria and as far afield as Moldova and Ukraine.
Bulgarian-state Bulgartransgaz EAD owns 20% of Gastrade. Greek companies Hellenic Gas Transmission System Operator (DESFA) and DEPA Commercia, Cyprus' GasLog Ltd., and private individual Asimina‐Eleni Copelouzou also each own 20%.