Participation of DESFA in the Alexandroupolis LNG Terminal
The Greek company Gastrade SA announces the signing of the agreement for the acquisition of 20% of its share capital by DESFA S.A., owner and operator of the National Natural Gas Transmission System of Greece.
The agreement was signed today in Athens by the Founding Shareholder & Chairman of the Board of Directors of Gastrade, Mrs. Elmina Kopelouzou and the CEO of DESFA, Mr. Nicola Battilana in the presence of the Minister of Environment and Energy of Greece Mr. K. Hatzidakis.
The new Shareholder Agreement of the Company was also signed today by the existing shareholders Mrs. Elmina Kopelouzou, GasLog Cyprus Investments Ltd and DEPA Commercial SA, Bulgartransgaz EAD, the Company and the new shareholder.
Gastrade is developing the LNG floating storage and regasification unit (FSRU) offshore Alexandroupolis in Greece, which will be a new, independent energy gateway for the markets of Southeastern and Central Europe.
The FSRU will be located 17.6 km southwest of the port of Alexandroupolis and will have an LNG storage capacity of 170,000 cubic meters and a natural gas supply capacity that will exceed 5.5 billion cubic meters per year. The floating unit will be connected to the National Natural Gas System of Greece via a 28 km long pipeline, through which the regasified LNG will be transmitted to the markets of Greece, Bulgaria and the wider region, from Romania, Serbia and North Macedonia to Hungary, Moldova and Ukraine.
This is a European Project of Common Interest (PCI - EU Regulation 347/2013), a priority project of the European Union, which strengthens security of supply, diversifies sources and routes of energy supply, enhances competition and supports the establishment of a Natural Gas trading hub in the wider region of Southeastern Europe, bearing obvious benefits for all final consumers.
The project supports, complements and works in harmony with, the other existing or planned key gas infrastructure projects in the region such as the Greece-Bulgaria interconnector (IGB), TAP, the Bulgaria-Serbia interconnector (IBS), the Greece-North Macedonia interconnector, the Kavala Underground Gas Storage and the Revithoussa LNG Terminal.
Together with Revithoussa, they provide the only natural gas supply infrastructures in the region which are independent of gas transmission through Turkish soil.
DESFA’s presence in the project will provide Gastrade with additional expertise in operating the new Terminal and will have a key role in the penetration of LNG in the region as well as the enhancement of energy liquidity and the optimization of gas supply in Greece and the SE European region, offering to these markets increased energy diversification and flexibility.
DESFA’s shareholders are SENFLUGA S.A. (Snam S.p.A., Enagás S.A., Fluxys and DAMCO S.A.) with 66% and the Greek State with 34%.
Gastrade’s Managing Director, Mr. Konstantinos Spyropoulos stated:
"We are happy to have DESFA as a partner in the project. Today's signing of the agreement is to the mutual benefit of both our companies and most importantly to the benefit of the consumers in SE Europe. We are looking forward to taking advantage of DESFA’s great experience in managing and operating gas infrastructure and to maximise the synergies between our Terminal and Revithoussa. We are sure that we will have a very constructive cooperation in strengthening the energy independence of our region".
DESFA’s CEO Mr. Nicola Battilana underlined:
“We are proud that in this particular socio-economic situation, DESFA is "present" and invests in important projects for Greece and the region. The FSRU Alexandroupolis is another important vehicle on the road of energy transition, of which DESFA is an enabler, while it will bring the country to the centre of energy developments. We are committed with our know-how to contribute to the successful operation of the project.”
The LNG Terminal in Alexandroupolis is expected to be operational in early 2023.
The agreement is subject to the approval of the competent Greek and/or European authorities.
For additional information about the LNG Terminal in Alexandropolis you can visit: www.gastrade.gr
For additional information concerning DESFA you can visit the following website: www.desfa.gr
News & Press Releases
- Completion of the participation of BULGARTRANSGAZ to the LNG Terminal in Alexandroupolis
- Invitation to Tender (ITT) for the Engineering, Procurement and Construction of the permanent mooring system of the Alexandroupolis Independent Natural Gas System (Alexandroupolis INGS) Project:
- Participation of DESFA in the Alexandroupolis LNG Terminal
- Participation of BULGARTRANSGAZ in the Alexandroupolis LNG Terminal
- The Binding Phase of the Market Test for the Alexandroupolis offshore LNG Terminal was concluded successfully
- Extension of the deadline for submission of binding offers to the Market Test
- Extension of the deadline for submission of binding offers to the Market Test
- Open invitation for submission of binding offers to the Market Test
- Launch of the second phase of the Market Test for the LNG Terminal in Alexandroupolis
- Participation of BULGARTRANSGAZ in the Alexandroupolis LNG project
- Participation of DEPA in the Alexandroupolis LNG project
- Publication of Market Test Binding Phase Guidelines
- Revised Invitation for Expression of Interest for the supply of a Floating Storage and Regasification Unit for the Alexandroupolis Independent Natural Gas System Project
- The First phase of the Market Test for the floating LNG Terminal in Alexandroupolis was successfully completed
- Extension of the deadline for the Expression of Interest for capacity reservation on the Alexandroupolis INGS
- Clarifications on the EoI Phase Notice of the Market Test
- Gastrade Launches a Market Test for the Alexandroupolis LNG Terminal
- Invitation to Expression of Interest for capacity reservation on the Alexandroupolis INGS
- Extension of the EOI phase Tender
- Clarifications on the IEoI for the supply of an FSRU for the Alexandroupolis INGS Project
- Clarifications on the IEoI for the EPCI of the Natural Gas Pipeline for the Alexandroupolis INGS Project
- Guidelines for management and allocation of capacity on the Alexandroupolis Independent Natural Gas System
- Additional Information to our Notices of 21-09-2018 regarding the Alexandroupolis Independent Natural Gas System (Alexandroupolis INGS) Project
- Invitation for Expression of Interest (IEOI) for the supply of a Floating Storage and Regasification Unit (FSRU)
- Invitation for Expression of Interest (EOI) for the Engineering, Procurement, Construction and Installation of the Natural Gas Pipeline
- Cooperation between DEPA, BEH and GASTRADE to promote the commercial operation of the “LNG Terminal in Northern Greece” in Alexandroupolis
- GASTRADE participates in Posidonia 2018
- GASTRADE cooperates with MSI on metocean surveys
- Alexandroupolis INGS included in the 2017-2022 National Natural Gas Roadmap
- Front End Engineering Design (FEED) for the LNG terminal in Alexandroupolis has been completed
- Award of the Front End Engineering Design (FEED) for the LNG Alexandroupolis project
- GasLog completes its participation in the Alexandroupolis LNG Project
- GasLog to participate in the Alexandroupolis LNG Project
- Cooperation between Gastrade & BEH for LNG Alexandroupolis
- Gastrade member of Gas Infrastructure Europe
- LNG Terminal in Alexandroupolis included in the CESEC priority projects
- LNG Terminal in Alexandroupolis included in the 2nd PCI list
- Final decision for the Alexandroupolis INGS to receive European Commission grants
- Alexandroupolis INGS selected to receive European Commission grants
- INGS Alexandroupolis project video presentation
- Call for the Expression of Interest for the provision of the FEED Study and the Preparation of the EPC/ITT dossier
- The Alexandroupolis INGS has been selected by the European Commission as a European Project of Common Interest for Natural Gas