Sunday, July 14, 2024
HomeLNGAs of 2024, Alexandroupolis terminal to provide access to diversified gas supplies

As of 2024, Alexandroupolis terminal to provide access to diversified gas supplies

Bulgaria’s Minister of Energy Rossen Hristov and the Executive Director of Bulgartransgaz Vladimir Malinov inspected the construction activities of the liquefied natural gas terminal near Alexandroupolis, Greece, of which the Bulgarian gas transmission operator owns 20 per cent.

The plans of running the facility into operation as of early 2024 were confirmed.

Vladimir Malinov highlighted the significance of that infrastructure for Bulgaria and the countries of South-East Europe.

“The terminal in Alexandroupolis will provide new gas quantities at competitive prices for the markets in the region and will improve their liquidity,” he emphasised during the inspection. “The new liquefied gas storage and regasification capacity is also important for LNG producers and will prevent LNG infrastructure congestions and the lack of slots in the region, which we witnessed in 2022.”

“We expect, as of next year, to be able to supply 10 tankers of liquefied natural gas annually through this infrastructure,” commented the Minister of Energy Rossen Hristov during the inspection. That amount represents about one-third of the consumption in the country.

In addition, the Executive Director of Bulgartransgaz drew attention to the synergy of the terminal with the Chiren gas storage expansion project. “The availability of sufficient gas storage capacity is key to increasing LNG supplies and diversification in the region,” he stressed.

The Alexandroupolis Independent Natural Gas System has 5.5 billion cubic metres (bcm)/year natural gas design capacity for regasification. Among the potential sources of supply are countries producing liquefied natural gas such as Algeria, Qatar, the United States and so on.

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