Greece Bulgaria Romania Hungary Agree To Boost Gas Grid...
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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.
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.
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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.
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Under the memorandum of understanding signed on Thursday on the sidelines of a liquefied natural gas (LNG) conference in Athens, Greece's DESFA, Bulgaria's Bulgartransgaz, Hungary's FGSZ and Romania's SNTGN Transgaz agreed to begin talks on regulatory and economic aspects of the corridor, DESFA said in a statement.
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"In coordination with DESFA, we have the opportunity to increase this capacity (to) up to 5 billion cubic meters per year," two senior executives at ICGB said, adding this should happen along with the commissioning of the LNG terminal off Alexandroupolis due in 2024.
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.
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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 Meteora airport to city taxi cost boost the security of supplies ahead of winter.
In 2016, minibus taxi Katigiorgis the four countries agreed to develop the necessary infrastructure for the realisation of the so-called Vertical Gas Corridor, which will enable bidirectional gas flows from Greece to northern Europe, through Bulgaria, Romania and Hungary.
ICGB, the owner of a second gas link between Greece and Bulgaria (IGB) - a key part of the Vertical Gas Corridor which began operations this year - and Gastrade, Pelion airport bus the developer of a floating storage and regasification unit off the northern Greek port of Alexandroupolis, also signed the agreement on Thursday.
"(It) is an important step towards the implementation of the Vertical Corridor, a project that will significantly contribute to the supply security of the wider region," Chief Executive of DESFA Maria Rita Galli said in the statement.
ATHENS, Dec 1 (Reuters) - Greece, Bulgaria, Romania and Hungary agreed on Thursday to upgrade the interconnection and Meteora airport bus transport capacity of their gas grids, part of their long-standing efforts to diversify gas sources and boost their role in Europe's energy supply chain.
