This will help EU countries phase out Russia’s gas. The project will also improve the reliability of supplies to Greece, Bulgaria and other countries in the region.
In Alexandroupolis in northern Greece, construction begins on a floating LNG terminal that will help the EU eliminate Russia’s gas. This was reported by Interfax on Monday, May 2nd.
The construction commencement ceremony will be visited on Tuesday, May 3, by the head of the European Council, Charles Michel. Also in attendance will be Serbian President Aleksandar Vucic, Prime Ministers of Bulgaria and North Macedonia Kiril Petkov and Dimitar Kovachevski.
“The floating LNG terminal in Alexandroupolis will help achieve the EU’s goal of phasing out Russia’s gas as soon as possible, as the European Council decided in March,” explained European Council spokesman Barend Leiths.
According to him, the project “will offer new sources and routes for the supply of natural gas and increase the reliability of supplies to Greece, Bulgaria and other countries in the region.”
New floating terminal with a capacity of 5.5 bcm m per year should be profitable by the end of 2023. Project operator Gastrade SA reported in January that the received gas can be distributed in the markets of Greece, Bulgaria, Romania , Serbia and North Macedonia, Moldova and Ukraine.
By the way, an LNG terminal is already operating in the country – DESFA’s REvithoussa LNG, 45 km from Athens. In 2021, it will receive 2.4 billion cubic meters. m of gas.
Recall that earlier in the Russian Gazprom announced the termination of gas supplies to Bulgaria and Poland, which refused to pay in rubles. In connection with this, Poland announced that it will no longer buy gas from the Russian Federation and is preparing for it for six years.
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Source: korrespondent
