North Macedonia will take a 10 percent stake in the project for the construction of a floating liquefied natural gas (LNG) terminal off the coastal city of Alexandroupolis in Greece, investing between 6.5 million euro ($8 million) and 7.5 million euro, North Macedonia’s prime minister Zoran Zaev said.

In addition, North Macedonia will buy a 25 percent stake in a gas-power plant that will be built near Alexandroupolis, the prime minister told parliament last week.

Zaev added on Wednesday that the country expects to start at the beginning of 2021 the construction of a North Macedonia-Greece interconnector that will ensure supply of gas from Greece.

North Macedonia has secured a 14 million euro grant through the Western Balkans Investment Framework for the project worth 54 million euro, the prime minister also said.

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4th January 2021