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Gastrade’s FSRU arrives at Alexandroupolis

This week, the Alexandroupolis floating, storage and regasification unit (FSRU) entered the waters of the Thracian Sea of Greece. The FSRU sailed away from Singapore anchorage on 26 November and started her journey to her new home in Alexandroupolis, Greece after completing an almost 10-month conversion at the Seatrium shipyard. The FSRU’s arrival at its permanent berth largely marks the completion of the construction of this flagship National and Regional Project.

In the following days, the FSRU will be anchored through a spread 12-point mooring system. The FSRU will then be connected to the high-pressure subsea and onshore gas transmission pipeline, which, once operational, will deliver natural gas to the Greek Transmission System and onwards to the final consumers in Greece, Bulgaria, Romania, North Macedonia, Serbia and further to Moldova and Ukraine to the East and Hungary and Slovakia to the West. The Terminal, upon completion of all testing activities, is planned to be commercially operational in the first quarter of 2024 and will have a maximum sustainable regasification capacity of 5.5 billion cubic metres a year.

“With the arrival of the first specially converted LNG Carrier of Gastrade, is for all of us an exceptional day”, highlights the Chairperson of the Board of Directors of the Company and Founding Shareholder Elmina Copelouzou. “A day that signals the realisation of the Floating Regasification Unit and paves the way to the commencement of the Alexandroupolis LNG project. A milestone for this borderland city which is set to become an energy hub for the entire Southeastern Europe.”

“For Alexandroupolis, it is a major project that will boost the local economy and employment, but above all, it will redefine the city’s coordinates on the world map as a critical hub for the energy security of the entire Central and Southeast Europe,” said the Managing Director of Gastrade, Kostis Sifnaios. “At the same time, the Project will establish yet another important pillar of National Security for Thrace, since it is part of the international and European strategy for diversification and independence of energy sources and transport routes from the historical monopolies. For our country, it is a big step in consolidating and upgrading its leadership role in the wider northern region and demonstrates how energy can become a tool for prosperity, peace, and solidarity.”

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