25 Feb 2020 | 09:51 UTC
Stuart Elliott, Author / Jonathan Fox, Editor
- Binding bids can now be submitted up to March 10
- Non-binding first phase saw interest for 12.2 Bcm/year
- Commercial start-up of FSRU seen in Q3 2022
London — Gastrade, the Greek developer of a planned floating LNG import facility at Alexandroupolis in northern Greece, has extended the deadline for binding bids for capacity in the project to March 10, it said late Monday.
The original deadline for interested participants to submit their offers was Monday, but Gastrade opted to extend the deadline to allow interested parties more time to submit their bids.
In particular, Gastrade said it wanted to attract bidders that did not take part in the first, non-binding phase for expressions of interest in Alexandroupolis LNG capacity.
8 JANUARY 2020
The Council of Ministers of the Bulgarian Government approved the participation of BULGARTRANSGAZ EAD by a percentage of 20% in the share capital of GASTRADE S.A. The terms of the agreement were signed on 8th of January by the Founding Shareholder and Chairman of the Board of Directors of GASTRADE, Ms. Elmina Copelouzou and the Executive Director of BULGARTRANSGAZ, Mr. Vladimir Malinov, in the presence of the Minister of Energy of the Republic of Bulgaria, Ms. Temenuzhka Petkova.
GASTRADE is developing the LNG Terminal in Northern Greece off the shore of Alexandroupolis.
The Terminal comprises a floating LNG storage and regasification unit (FSRU) and a 28 km pipeline system. The LNG storage capacity of the FSRU will be up to 170,000 cubic metres and the maximum daily regasification capacity 22.7 million c.m. The FSRU will be moored 10 km offshore the city of Alexandroupolis and will be connected to the National Natural Gas Transmission System via a 28 km pipeline (24 km subsea pipeline and 4 km onshore pipeline).
