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Gastrade extends Alexandroupolis LNG project Market Test deadline

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LNG Industry,

Gastrade has re-opened the bidding and extended the deadline for binding offers regarding the Alexandroupolis LNG project Market Test.

The company statement announcing the news read as follows:

“Further to the approval of the National Regulatory Authority for Energy (RAE), and in order to achieve the maximum possible participation in the Market Test for the reservation of capacity at the Alexandroupolis Independent Natural Gas System (INGS), we hereby invite all interested parties, which have not participated in the first, non-binding, phase of the Expression of Interest of the process and have not been assigned the right to participate in the second, and binding, phase of the Market Test, to take part in this binding phase directly and submit their binding interest for capacity reservation at the Alexandroupolis INGS Project.

“For their participation in this binding phase, interested parties should follow the instructions included in the Supplement to Bidding Phase Notice and provide the corporate documents described in Article 8 of the Expression of Interest Notice.

“Upon completion of the corporate documents control by the company, interested parties will be invited to execute a non-disclosure agreement with Gastrade in order to receive the full set of the bidding phase notice, which includes detailed participation instructions, indicative tariffs for the use of the terminal and the template of the Advanced Reservation Capacity Agreement (ARCA).”

The statement went on to set out the extended deadline, for the submission of binding offers for all parties participating in the Binding Phase of the Market Test, as 17:00 (Greek time) on 10 March 2020.

The Alexandroupolis INGS project comprises an offshore floating unit for the reception, storage and regasification of LNG, and a system of a subsea and an onshore gas transmission pipeline, through which the natural gas is shipped into the Greek National Natural Gas System (NNGS) and onwards to the final consumers.

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