Greek firm Gastrade signs LNG deal with state-owned DEPA - REUTERS

OCTOBER 12, 2017 / 8:32 PM

Reporting by Angeliki Koutantou. Editing by Jane Merriman

ATHENS, Oct 12 (Reuters) - Greece’s state controlled natural gas firm DEPA signed a cooperation agreement on Thursday with natural gas company Gastrade to participate in the development of a liquified natural gas terminal in northern Greece, DEPA said.

Greece currently has one LNG terminal on an islet off Athens. Gastrade, part of Greek energy group Copelouzos, is planning a second LNG terminal near the northern city of Alexandroupolis.

The project has been described as a ‘project of common interest’ by the European Union.