BULGARTRANSGAZ, under the approval of Council of Ministers of the Bulgarian Government, signed a document confirming its 20% share in the capital of GASTRADE S.A, the developer of the LNG Terminal in Northern Greece off the shore of Alexandroupolis.
The Alexandroupolis FSRU is a Project of European Common Interest but also a priority of US foreign policy, as it considered crucial for the diversification of gas sources, especially since Egypt will turn natural gas to LNG from Eastern Mediterranean fields for transportation to the EU. The LNG Terminal in Northern Greece is expected to start operations in 2022.
The Terminal comprises a floating LNG storage and regasification unit (FSRU) and a 28 km pipeline system (24 km subsea pipeline and 4 km onshore pipeline). The LNG storage capacity of the FSRU will be up to 170,000 cubic metres and the maximum daily regasification capacity 22.7 million c.m. The FSRU will be stationed 10 km offshore the city of Alexandroupolis and will be connected to the Greek National Natural Gas Transmission System.
The project connects and creates synergies with the Interconnector Greece – Bulgaria pipeline that will transmit natural gas from Greece to Bulgaria and onwards to Serbia, North Macedonia, Romania, Hungary as well as Ukraine. (Theodore Karaoulanis | EURACTIV.gr)