United States Ambassador to Greece Geoffrey Pyatt welcomed Gastrade’s adoption of the Final Investment Decision (FID) for the construction of the Alexandroupolis Independent Natural Gas System (INGS), in a tweet on Friday, according to ANA.
The FID is the last and most significant milestone, before entering the project’s construction phase, and as Ambassador Pyatt noted, “A big step forward for energy security and climate SE Europe. Congratulations all around.”
Gastrade announced the news on Friday, following shareholders’ approval that all requirements for the materialization of the project have been secured, and the project is on track in line with its schedule.
The construction and operation of the Alexandroupolis Liquefied Natural Gas (LNG) Terminal will contribute to the energy security, liquidity, and diversification of the country and the entire Southeastern Europe region, strengthening the strategic role of Greece and offering alternative sources and routes for the supply of natural gas in the area.
The Floating Storage and Regasification Unit (FSRU), with a capacity of 153,500 sq.m. of LNG, will be connected to the National Natural Gas Transmission System of Greece with a 28km-long pipeline, through which the gasified LNG will be transmitted to the markets of Greece, Bulgaria, and the wider region, from Romania, Serbia, and North Macedonia, as all the way to Moldova and Ukraine.
Read more at thenationalherald.com
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