Gastrade launches market test for Greek FSRU project

Greece’s Gastrade on Tuesday launched a market test for the proposed LNG terminal project in Alexandroupolis in Northern Greece that includes the installation of a floating storage and regasification unit (FSRU).

Companies interested in reserving capacity at the Alexandroupolis facility must submit non-binding expressions of interest within 45 days, Gastrade said in the document.

The LNG project will be located in the sea of Thrace, 17.6km southwest of the port of Alexandroupolis and 10km south of the coast of the village Makri.

The FSRU will have an LNG storage capacity of 150,000 to 170,000 cubic meters. It will have a nominal regasification and send-out capacity of 530 million standard cubic feet per day, equivalent to 600,000 normal cubic meters per day (5.5 bcm/year).

The FSRU will be connected with a pipeline that will consist of a 24km subsea section and a 4km onshore section.

The pipeline will be connected to the NNGTS at the NNGTS Kipi-Komotini section, through a metering and regulation station located near the village of Amphitrite, that will be built and operated by Greece’s DESFA.

There is also the potential for a future tie-in to the Trans Adriatic Pipeline (TAP) gas transmission system.

Gastrade says that the project investment cost could reach about 380 million euros ($431.3m).

The construction of the project is expected to begin in the second quarter of  2019 with commercial operations expected to start in 2020.

LNG World News Staff