Skip to main content

Gastrade signs LNG deal

Published by
LNG Industry,

According to Reuters, Greece’s state controlled natural gas firm DEPA signed a cooperation agreement on Thursday with natural gas company Gastrade to participate in the development of a LNG terminal in northern Greece.

Greece currently has one LNG terminal on an islet off Athens. Gastrade, part of Greek energy group Copelouzos, is planning a second LNG terminal near the northern city of Alexandroupolis.

Gastrade will hold at least a 20% stake in the scheme and LNG carrier operator GasLog another 20%.

Bulgarian Energy Holding and Cheniere Energy have also expressed interest in the project.

The facility, with an estimated annual capacity of 6.1 billion m3, will seek to supply gas to southeastern Europe via another natural gas pipeline scheme that will cross through Greece, the Interconnector Greece-Bulgaria (IGB).

The Alexandroupolis terminal is expected to cost about €370 million (US$438.01 million).

Read the article online at:

You might also like

LNG Industry Spotlight with EM&I Group

LNG Industry’s Assistant Editor, Sarah Smith, recently spoke to Danny Constantinis, Executive Chairman and CEO of EM&I Group, to discuss EM&I Group's recent article in LNG Industry magazine.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Cheniere LNG news


LNG Industry is not responsible for the content of external internet sites.