Tuesday, July 23, 2024
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Bulgaria calls for urgent action to prevent further delays with Alexandroupolis LNG terminal

The liquefied natural gas terminal (LNG) near Alexandroupolis is a pivotal project aimed at diversifying energy supply and bolstering regional energy security, confirmed Bulgarian Energy Minister Vladimir Malinov during a recent meeting with the management of Gaztrade and representatives of other shareholders involved in the LNG project.

The Alexandroupolis LNG terminal is designed to deliver liquefied gas from the United States and other sources to several countries in Southeastern Europe, including Bulgaria, North Macedonia, Serbia, Romania, Hungary, Moldova and Ukraine. Highlighting the strategic importance of the project, Minister Malinov stated that “the implementation of the project is one of our main priorities, as its infrastructure is expected to deliver liquefied gas to consumers across the region.”

Bulgaria is a significant stakeholder in the Alexandroupolis LNG terminal, with Bulgartransgaz holding a 20 per cent share in Gaztrade, the project company. Originally, the shareholders approved a schedule that projected the infrastructure would be operational by April 2024. However, a technical defect was identified during the initial phases of connecting the liquefied gas platform to the pipeline.

During the meeting, an agreement was reached to develop a detailed plan with specific technical solutions by 15 July, aiming to commence operations as soon as possible. Minister Malinov emphasised the urgency of addressing the defect swiftly.

“I believe that Gaztrade should take decisive measures to correct the defect and bring the facility into operation within this calendar year. Further delays are completely unacceptable in view of the strategic importance of the terminal for supplying energy to the region,” he underlined.

The Alexandroupolis LNG terminal holds substantial strategic value, particularly in light of potential disruptions in Russian natural gas transport through Ukraine starting next year. The terminal is set to play a crucial role in ensuring alternative supplies, thus enhancing the resilience of the European energy system.

Minister Malinov underscored this point, noting that alternative energy supplies will become increasingly vital for Europe. The Alexandroupolis terminal, by enabling diversified gas imports, is expected to mitigate the impact of such disruptions and contribute to the stability and security of energy supplies in Southeastern Europe.

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