US gas firm books FSRU space

US interest in utilizing Alexandroupoli as a key liquefied natural gas (LNG) transportation hub in the Central and Southeast Europe region is highlighted by the agreement American company Venture Global announced to book 25% of the capacity to the new floating storage and regasification unit (FSRU).

One million metric tons of LNG per year from Venture Global's terminals in Louisiana will be unloaded at the Alexandroupoli FSRU facilities to be regasified and channeled through the pipelines of the Greek system to the markets of Southeast Europe, strengthening the region's supply security. The Alexandroupoli FSRU, which goes into operation on October 1, under the five-year agreement signed by the US company with Gastrade, which operates the unit, will receive the first loads from the Louisiana terminals in early 2025.

The implementation time of the agreement is not by...