Gastrade

The caretaker government will open tenders for the supply of natural gas in the medium and long term as soon as possible. However, the decision to sign treaties will be left to the next regular government. This was announced by President Rumen Radev at a meeting with representatives of the management of the companies Gastrade and Copelouzos Group.

The firms of Gastrade and Gaslog were awarded for the development of the floating liquefied natural gas (FSRU) station in Alexandroupolis, yesterday. in the context of Poseidonia 2022 by international accredited registrar and classification society DNV.

Greek Prime Minister Kyriakos Mitsotakis on Tuesday visited a construction site for the eastern extension of a ring road near the extreme northeast city of Alexandroupolis, with the highway connecting with the east-west Egnatia tollway and the city's port.

Bulgaria's state gas company Bulgartransgaz has finalized a deal to take 20% of Greek company Gastrade, which is developing a floating liquefied natural gas (LNG) facility off the city of Alexandroupoli, Gastrade said on Thursday.

The deal is part of Bulgaria's strategy to diversify and to decrease its dependence on Russian gas.

The Bulgarian government on Thursday approved the participation of the country's main energy company, Bulgartransrgaz, in the LNG gas terminal in Greece, in a move designed to reduce its dependence on gas from Russia.

Bulgaria's share of the terminal located in northern Greece, offshore from Alexandropolis, will be 20 per cent.

Bulgaria will buy a 20 percent stake in a liquefied natural gas (LNG) terminal off northern Greece as it works to move away from its almost complete dependence on gas from Russia, the government said on Wednesday.
The United States and Qatar are expected to be the main suppliers of LNG for the facility.

Greek natural gas company Gastrade on Tuesday launched a market test for a liquified natural gas terminal it is developing in northern Greece.

Companies interested in seeking services and capacity in the terminal must submit non-binding expressions of interest within 45 days, it said.

Greece's state-controlled natural gas firm DEPA signed a cooperation agreement on Thursday with natural gas company Gastrade to participate in the development of a liquefied natural gas terminal in northern Greece, DEPA said.

Greece currently has one LNG terminal on Revythousa, an islet off Athens.

The Hellenic Republic Asset Development Fund (TAIPED) is preparing to hire advisers to explore the privatization of 10 port authorities in which it holds stakes.

Although the process relates to all 10 ports, sources suggest that the first to be sold will be that in Alexandroupoli as it has already attracted substantial interest domestically and internationally.

Bulgaria's government has received six indicative offers to use capacity of the gas interconnector that is to be built between Bulgaria and Greece, Energy Minister Temenuzhka Petkova has said.