Gastrade SA has announced the signing of the agreement for the acquisition of 20 percent of its share capital by DESFA SA, owner and operator of the National Natural Gas Transmission System of Greece.

Gastrade is developing the LNG floating storage and regasification unit (FSRU) offshore Alexandroupolis, 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 m3 and a natural gas supply capacity that will exceed 5.5 billion m3/y.

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.

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6th November 2020