Factbox: Greek LNG terminals in the pipeline

Motor Oil (Hellas) Corinth Refineries

30/11/2022 12:32

ATHENS, Nov 30 (Reuters) - As demand grows for liquefied
natural gas in Europe in the wake of the war in Ukraine, Greece
has relied heavily on its sole LNG terminal off Athens to
replace Russian gas imports. 
    Now it is looking to build new floating storage and
regasification units (FSRUs) that could be operational by 2024.
    Here is information on the Revithoussa terminal and other
planned projects: 
    REVITHOUSSA
    Greece's sole operational LNG regasification and storage
terminal on the Revithoussa islet off Athens has played a
pivotal role in the country's strategy to wean itself off
Russian gas and boost the security of supplies ahead of winter. 
    The country has already cut Russian gas imports by more than
half this year thanks to increased deliveries from other
producers to the Revithoussa facility, which is 5 miles (40
kms)from Athens and can store 225,000 cubic metres of gas and
regasify 1,400 cubic metres per hour.
    FSRU OFF ALEXANDROUPOLIS 
    Gastrade, owned by Greece's Copelouzos family, is developing
an FSRU which will be anchored about 18 kilometres off the
northern Greek port of Alexandroupolis, carrying gas to shore
via a 28-kilometre-long pipeline. It is expected to carry gas to
Bulgaria and further to the north once it starts operations by
the end of 2023.
    Gastrade has said it is examining the construction of a
second FSRU off Alexandroupolis.
    FSRU OFF VOLOS
    Mediterranean Gas plans to build an FSRU off the port of
Volos, in central Greece. It has invited LNG producers, traders,
large-scale consumers, industrial users and marine and shipping
companies to submit non-binding interest in booking capacity by
Dec. 19.
    The facility, which will have an annual regasification
capacity of 5.2 billion cubic metres, will carry gas to North
Macedonia, Bulgaria, Romania, Albania, Italy and the rest of
Europe.
    It is targeting commercial operation in the second quarter
of 2023. 
    FSRU OFF CORINTH
    Dioriga Gas, a unit of Greek refiner Motor Oil, aims to
start construction of an FSRU facility off Agioi Theodori, near
Athens, in the fourth quarter of the year.
    It will have a storage capacity of up to 210,000 cubic
metres of gas which will be either regasified and exported
through Greece's gas grid or sold as LNG via vessels and trucks.
    FSRU OFF THESSALONIKI
    Elpedison, a joint venture by Italy's Edison and Helleniq
Energy, wants to build an FSRU off the northern city of
Thessaloniki, Greece's second largest, by 2025. 
    It will have the capacity to store 170,000 cubic metres of
gas and deliver up to 20 million cubic metres daily.
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Greece can quadruple gas export capacity by 2025 - gas grid
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 (Reporting by Angeliki Koutantou; Editing by Kirsten Donovan)
 ((angeliki.koutantou@thomsonreuters.com; +30 2102214608;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))