Greek gas company DEPA is set to take part in market test to establish whether it is feasible to develop an LNG terminal in northern Greece.
If the project goes ahead, the floating storage and regasification unit (FSRU) would be located in Alexandroupolis.
DEPA Cheif Executive Officer, Dimitris Tzortzis expressed his optimism that the development will attract commercial interest at a conference organised by a Greek energy think tank.
“We started a cooperation agreement last year and recently we had a meeting with Gastrade and BEH (Bulgarian Energy Holding) and we all agreed we will move on. Of particular importance is the market test where interest will be shown. We expect that we will have commercial interest in this project,” Dimitris is reported to have said. He estimated that the final investment decision will be taken at the end of the year and in the second half of 2020 the terminal will be fully operational.
7th May 2018