First phase of market test for Greek floating LNG terminal completed


The first phase of the Market Test for the reservation of regasification capacity at the floating LNG Terminal in Alexandroupolis, being developed by the Greek Gastrade, was completed with success on 31 December 2018.

Twenty companies submitted Expression of Interest for an overall of 12.2 billion cubic meters / year of regasification capacity reservation at the floating terminal and delivery to the Greek National Natural Gas Transmission System. These gas quantities will be directed tothe markets of the Southeastern European region.

Konstantinos Spyropoulos, Managing Director of Gastrade, stated:

The highly successful outcome of the first phase of the Market Test and the great interest expressed for the Alexandroupolis LNG project by many important regional and international gas players is an essential step for the implementation of the project and ultimately for the upgrade of the energy position and the energy supply diversification of Greece, Bulgaria and the SE Europe as a whole

The first phase of the Market Test started on 30 October 2018 and was carried out under the guidance and supervision of the Regulatory Authority for Energy of Greece (RAE) and according to the Guidelines for Management and Allocation of Capacity approved by RAE in line with the provisions of paragraph 6 of Article 36 of the European Directive 2009/73/EC.

The Project will now proceed to the next Binding Phase of the Market Test, once the relevant new Guidelines and Notice to the companies that will take part in this next phase are approved by RAE.