Monday, August 29, 2022

Bulgaria to double reserve capacity at new Greek LNG terminal - REUTERS

SOFIA, Aug 29 (Reuters) - Bulgaria has reached an agreement in principle to double its reserved capacity at a new liquefied natural gas (LNG) facility to be built off the northern Greek port of Alexandroupolis, the interim energy minister said on Monday.

Rossen Hristov told reporters that raising the reserved capacity to 1 billion cubic meters (bcm) of gas per year at the LNG terminal, expected to become operational at the end of 2023, will help the Balkan country ensure diversified and stable gas supplies.

The interim government, which has come under fire at home for seeking to renew gas supplies from Russia’s Gazprom , has said it plans to open tenders for mid to long-term gas deliveries and wanted to import more LNG gas through Greece.

The Alexandroupolis terminal is due to be built by a consortium of Greece’s Copelouzos family, Greek gas companies DEPA and DESFA, Bulgaria’s Bulgartransgaz and Cyprus’s Gaslog.