The Greek company Gastrade has announced the start of commercial operation of the new Alexandropoulis liquefied natural gas (LNG) terminal. The project will diversify gas import sources for Romania, the Republic of Moldova, and Ukraine. This facility is crucial in enhancing energy security and diversifying supply routes in Central and South-Eastern Europe, positioning Greece as an important energy hub for more than nine countries.
The project took shape on January 27, 2022, when Gastrade made the final investment decision (FID). Construction works, both onshore and offshore, proceeded at a rapid pace, and in February 2023, construction of the Floating LNG Storage and Regasification Unit (FSRU) in Singapore started in Singapore. They delivered it to the waters of the Thrace Sea on December 17, 2023, and anchored it in its permanent position.
Following the successful completion of commissioning tests and the receipt of operating authorization from the Greek Ministry of Energy and Environment, the terminal officially entered into operation, enabling natural gas deliveries to Greece, Bulgaria, Romania, North Macedonia, Serbia, Moldova, eastern Ukraine, as well as Hungary and western Slovakia.
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The terminal’s FSRU has a maximum regasification capacity of 5.5 billion cubic meters yearly. Gastrade’s shareholders include Greek entrepreneur Eleni-Asimina Copelouzos, US company Gaslog, Greek natural gas companies DEPA and DESFA, and Bulgarian Bulgartransgaz, each with a 20% stake. This initiative will support the region’s energy security and the integration of European energy markets.