Petroleum industry

The first tanker carrying liquefied gas for Bulgaria is currently being unloaded at the new regasification terminal in Alexandroupolis, just two days after it became operational. This vessel, belonging to the French company TotalEnergies, holds a volume of 1 million MWh of liquefied gas, which is designated for the state gas supplier, Bulgargaz.

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).

ExxonMobil predicts that oil demand will be virtually unchanged in 2050 compared to current levels, an estimate that contrasts dramatically with most assumptions of other energy sector players.

ExxonMobil is taking to a more advanced stage of maturity the project of exploring  the Greek concessions for the two areas west and southwest of Crete in its joint venture with Helleniq Energy.

The divorce of Helleniq Energy and Edison after 15 years of their joint venture in the field of the electricity market is now taken for granted.

On February 18th the floating storage regasification unit in Alexandroupoli received its first test shipment of US liquefied natural gas. In other energy news, it looks like decision time has come for hydrocarbon surveys off Crete.

A photo taken by drone shows the transshipment procedures of the first cargo of liquefied natural gas (LNG) at the Floating Terminal in Alexandroupolis, northern Greece, 21 February 2024.

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 liquefied natural gas (LNG) that ships will carry to the new Alexandroupoli terminal (FSRU) will reach up to Russia's doorstep - i.e. Slovakia, Moldova and Ukraine.

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.