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Greece and Bulgaria to develop proposal for Greek LNG terminal

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LNG Industry,


According to Reuters, Gastrade – a Greek natural gas company – and BEH – a Bulgarian state energy holding company – have established a task force in order to develop a proposal to construct a 6.1 billion m3/yr LNG terminal, which would be located offshore northern Greece. The proposal will be submitted to the Bulgarian government for review. Cheniere Energy is reportedly interested in a minority stake in the project.

The terminal will aim to provide gas to southeastern Europe through the Interconnector Greece-Bulgaria (IGB) pipeline system, which Greece and Bulgaria signed a final investment agreement for in 2015.

The development of both the terminal and the pipeline network align with the construction of the Trans-Adriatic Pipeline (TAP). TAP will supply European markets with Caspian gas, and was reportedly signed off in May 2016 by Greece and its partners.

Reuters reports that, at an estimated cost of approximately €370 million, the Alexandroupolis terminal is expected to be complete and ready for operation by the end of 2018.

Edited from various sources by David Rowlands

Read the article online at: https://www.lngindustry.com/regasification/01062016/greece-and-bulgaria-to-develop-proposal-for-greek-lng-terminal-2529/

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