News

Ambassadors of the Member States of the European Union in Greece visited the LNG Terminal in Alexandroupolis

26 September, 2024

 

Press Release

_______________________________________________________________________

Ambassadors of the Member States of the European Union in Greece

visited the LNG Terminal in Alexandroupolis

 

The Liquefied Natural Gas Terminal in Alexandroupolis (FSRU Alexandroupolis) was visited by Ambassadors of the Member States of the European Union and of Switzerland and Norway, in Greece, on Wednesday September 18, 2024, at the initiative of the Embassy of Hungary in Athens, Hungary being the Member State that holds the presidency of the Council of the European Union for the current semester, from July 1 to December 31, 2024.

The Managing Director of Gastrade S.A., Mr. Kostis Sifnaios, stated in this regard:

“I want to thank the Ambassadors of the Member States and their representatives for their visit to the FSRU and of course the Hungarian Embassy in Athens for the honorable initiative. We are only a few days away from the start of commercial operations of the Terminal on October 1st, a date that will officially mark the entry into a new era for the role of Alexandroupolis and Greece in the energy map of the entire Southeast and Central Europe with significant opportunities to diversify their sources of supply, especially after the recent agreement concerning the commitment of ¼ of the capacity of the Terminal by the American company Venture Global LNG”.

During the visit, the Ambassadors were briefed on the operation of the Terminal, its strategic objectives, its geopolitical importance as well as on the high levels of safety and environmental standards with which it operates. The initiative of the “Vertical Gas Corridor”, of which the Alexandroupolis FSRU is a part, was also discussed. This is a vital initiative in strengthening the energy security of Southeast and Central Europe and its independence from Russian natural gas by providing a new integrated route to import alternative natural gas supplies from Greece throughout the region up to Hungary.

– END –

 

 

 

 

About Gastrade S.A.

Gastrade is the first company in Greece to be granted an Independent Natural Gas System License. Gastrade studies, designs, constructs, operates and exploits the necessary infrastructure for receiving, storing, transporting, and distributing natural gas in a safe, adequate, reliable and cost-effective manner.

Gastrade is the owner, developer and operator of the Alexandroupolis Independent Natural Gas System, consisting of a Floating Storage and Regasification Unit (FSRU) permanently moored in the Thracian Sea, 17.6 km. SW from the port of Alexandroupolis and a 28 km. pipeline connecting the FSRU to the Greek National Natural Gas Transmission System (“the Project”).

The Project has been co-financed by the European Regional Development Fund of the European Union through the Operational Programmes “Competitiveness, Entrepreneurship, and Innovation (EPAnEK)” and “Environment and Climate Change (PEKA)”within the NSRF of 2014-2020 and 2021-2027 respectively.

For more information, you can visit the Company’s website, www.gastrade.gr/en or contact Gastrade at info@gastrade.gr.