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Stake in Greek LNG terminal sold to Bulgaria

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LNG Industry,

According to Reuters, a 20% stake in a floating LNG (FLNG) terminal project off Greece’s northern coast, near Alexandroupolis, is being sold to Bulgaria.

This move comes as the Bulgarian government is reportedly looking to distance itself from its current near-complete reliance on Russian gas. According to the Bulgarian Prime Minister, the stake owned by Bulgaria’s Bulgartransgaz will be the same as that of Greece’s DEPA.

The facility will reportedly be supplied with LNG primarily from the US and Qatar.

The FLNG terminal will reportedly have an estimated annual capacity of approximately 6.1 billion m3, and is due to supply gas to southeastern Europe via the Interconnector Greece-Bulgaria (IGB) pipeline.

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