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Greek-Balkan LNG progress

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March 26 (LNGJ) – Greek LNG developer Gastrade said the binding phase of a market test for reservation of capacity at the floating LNG terminal proposed for offshore  Alexandroupolis in northeastern Greece was successfully completed. “With an aggregate long-term profile of binding offers for up to 15 years, reaching 2.6 billion cubic metres per year, Greek and international natural gas companies, as well as end-consumers, confirmed their interest in the reservation of regasification capacity at the FSRU terminal,” said Gastrade.

   LNG delivered to the terminal will be regasified and transmitted to the markets of Greece and the region via the Greek National Natural Gas Transmission System. Konstantinos Spyropoulos, Managing Director of Gastrade, said the process was a critical step towards “the enhancement of energy diversification and security of supply in Greece, the Balkans and the wider southeast European area”.