Alexandroupolis Terminal receives binding Reservations

Greek utility company Gastrade has received binding offers to reserve 2.6 bcm per year of LNG capacity for up to 15 years from the company’s floating LNG terminal in Alexandroupolis. Greek and international natural gas companies, along with end consumers, confirmed their interest by 24 March, 2020.

”This very satisfactory result of the binding phase of the market test for the Alexandroupolis project and the participation of key gas market players in Greece and SE Europe, constitute a critical step towards the materialization of the project, and eventually the enhancement of the energy diversification and security of supply in Greece, the Balkans and the wider south east European area,” said Konstantinos Spyropoulos, managing director of Gastrade.

The Alexandroupolis terminal will be used to regasify and transmit LNG to Greek and Southeast European markets via the Greek National Natural Gas Transmission System. The market test process was supervised by the Greek Regulatory Authority for Energy (RAE).