Kick- off Ceremony Held for Realization of Alexandroupolis FSRU in Greece

Founding Shareholder and Chairwoman of the Board of Directors of Gastrade, Ms. Elmina Copelouzou, US Ambassador, Geoffrey Pyatt & the Representatives of Gastrade's Shareholders - Credit: Gastrade

Founding Shareholder as well as Chairwoman of the Board of Directors of Gastrade,Ms Elmina Copelouzou, United States Ambassador, Geoffrey Pyatt & & the Representatives of Gastrade’s Shareholders – Credit: Gastrade

The kick-off event for the awareness o f Gastrade SA’s LNG FSRU center in Alexandroupolis, Greece, was held on Tuesday, May 3, 2022, i n the old Storage House of the Alexandroupolis Port Customs.

Once supplied, the FSRU, with an ability of 153,500 c.m. of LNG, will certainly be tied in the overseas location 17.6 kilometres southwest of the port ofAlexandroupolis It will certainly be linked to the National Natural Gas Transmission System (NNGΤS) of Greece with a 28 kilometres lengthy pipe, whereby the gasified LNG will certainly be transferred to the marketplaces of Greece, Bulgaria, as well as the broader area consisting of Romania, Serbia, North Macedonia and so on, with the possibility of providing Ukraine, too.

The building as well as procedure of the Alexandroupolis FSRU, Gastrade stated, is anticipated to enhance the critical function of Greece as a power center for the broader area of Southeastern Europe as well as deal different resources as well as gas supply courses to the area, boosting the power protection of supply as well as power freedom, throughout difficult times.

According to Gastrade, the job will certainly likewise make Alexandroupolis a power portal for the whole area of Southeastern Europe, highlighting the critical relevance of the city as well as boosting the regional economic climate as well as work.Kick- off Ceremony Held for Realization of Alexandroupolis FSRU in Greece

The Alexandroupolis FSRU is anticipated to end up being functional by the end of 2023, with the acquired regasification capability getting to currently as much as 60% of its technological capability of 5.5 billion c.m. annually.

Gastrade has actually likewise sent to the Regulatory Authority for Energy (RAE) an application for a brand-new Independent Natural Gas System (INGS) License, for the job “Thrace INGS”, which will certainly likewise contain a Floating Storage as well as Regasification Unit (FSRU) as well as will certainly be established near the initial FSRU at the Sea of Thrace, overseas Alexandroupolis.

The Founding Shareholder as well as Chairwoman of the Board of Directors of Gastrade,Elmina Co pelouzou stated: “The energy map is changing. We are now entering the final stage of implementation of the FSRU Alexandroupolis, an important and innovative project for Greece. In a period of high volatility in the geopolitical and energy landscape, with this project, Greece shows Europe that it can respond with firm strategic steps to the uncertainty of the times and, through growth, and offer solutions from which everyone can benefit. 

” FSRU Alexandroupolis opens up a brand-new power portal for Greece as well as Southeastern Europe, which at a defining moment concerns fulfill an immediate nationwide as well as European require. From the acritic city of Alexandroupolis that has actually accepted this job a lot, we make Greece a power referral factor in the area, adding to power protection as well as the diversity of supply resources, with advantages for numerous people in several nations.”Kick- off Ceremony Held for Realization of Alexandroupolis FSRU in Greece

At the kickoff ceremony, the Prime Minister of Greece, Kyriakos Mitsotakis, and the Prime Minister of Bulgaria, Kiril Petkov, co-signed the special symbolic plaque for the start of the realization of the project.

The event was also attended and addressed by the President of the European Council, Charles Michel, the President of Serbia, Aleksandar Vučić, the Prime Minister of North Macedonia, Dimitar Kovačevski, the US Ambassador, Geoffrey Pyatt, as well as representatives of the local government, including the Regional Governor of Eastern Macedonia and Thrace, Christos Meteos, and the Mayor of Alexandroupolis, Giannis Zampoukis.

The shareholders of Gastrade SA also participated, namely the Founding Shareholder and Chairwoman of the Board of Directors of Gastrade, Elmina Copelouzou, the CEO of Gaslog Cyprus Investments Ltd,  Paolo Enoizi, the Chairman of DEPA Commercial,  Ioannis Papadopoulos and the CEO of the company, Konstantinos Xifaras, the CEO of Bulgartransgaz EAD,  Vladimir Malinov, and the CEO of DESFA,  Maria Rita Galli.

While the Alexandroupolis FSRU has been long in the making, there has been a growing interest in FSRUs recently, especially in Europe, according to World Energy Reports.

According to WER’s latest report, the interest in new floating regasification terminals, has been driven in Europe mostly due to < period design="background-color: clear;Russia background-color: clear;Ukraine background-color: clear;April background-color: clear;" > concern of gas supply disturbances from in the advanced planning stage in Europe.  

Source of This New because of the situation in(*) WER’s (*) record reveals that 13 FSRU terminals are currently (*)