Gastrade SA on Friday announced the launch of the second stage of the market test for the Alexandroupoli liquefied natural gas terminal it is developing. This is the binding bids phase for capacity reservations in the project.
Companies that have already expressed an interest in the first stage of the market test are eligible to submit binding offers to Gastrade.
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.
The European Investment Bank said on Thursday it would stop funding fossil fuel projects at the end of 2021, a landmark decision that potentially deals a blow to billions of dollars of gas projects in the pipeline.
The bank's new energy lending policy, which it said was approved with "overwhelming" support, will bar most fossil fuel projects, including traditional use of natural gas.
The imposition of new environmental regulations for the consumption of low-sulfur fuel by oceangoing vessels has seen the liquefied natural gas (LNG) market take center stage in global shipping, with Greek shippers recently overtaking the Japanese as the top owners, after ordering a large number of vessels since 2018, according to a VesselsValue report published on Wednesday.