Klaipėda LNG terminal

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).

Two months after it was moored in the Thracian Sea, the floating natural gas storage and regasification unit (FSRU), named Alexandroupolis, will on Friday receive its first liquefied natural gas (LNG) cargo.

The specially designed tanker of Gastrade, the offshore natural gas storage and regasification unit - about 300 meters long - which was converted into an FSRU at the Keppel shipyard in Singapore, sailed into the berth of Alexandroupoli port on Sunday.

Three years after the groundbreaking for the liquefied natural gas terminal in Cyprus, a project worth $289 million has been initiated. However, the work remains incomplete, causing a delay in the implementation of a medium-term solution for transporting and utilizing LNG. This delay is significant as it affects consumers seeking an alternative to the rising oil prices.