Greek-US plan for an LNG ter­mi­nal

Kathimerini English - - Focus - CHRYSSA LIAGGOU

A Greek-Amer­i­can joint ven­ture is be­ing pre­pared in the do­main of liq­ue­fied nat­u­ral gas (LNG) and will likely be an­nounced dur­ing US Sec­re­tary of State John Kerry’s visit to Athens next month.

Kerry dropped a hint about the plan dur­ing his meet­ing with Greek Prime Min­is­ter Alexis Tsipras in the United States at the end of Septem­ber, re­fer­ring to the prospect of north­ern Greece evolv­ing into an en­ergy hub with the con­struc­tion of an LNG ter­mi­nal. This is based on the uti­liza­tion of the li­censed plan (since 2011) for the in­stal­la­tion of an LNG ter­mi­nal at Alexan­droupoli by Gastrade (con­trolled by the Copelouzos Group), which is on the list of the Euro­pean Com­mis­sion’s pri­or­ity projects.

The uti­liza­tion and man­age­ment of that LNG ter­mi­nal will take place through a con­sor­tium in­volv­ing Gastrade, the Pub­lic Gas Cor­po­ra­tion and a US com­pany named Che­niere En­ergy. This will be the first Amer­i­can firm to ex­port LNG from shale gas at the start of 2015 and it has al­ready signed con­tracts with ma­jor Euro­pean en­ter­prises. From the Alexan­droupoli ter­mi­nal, the LNG will head to Bul­garia via the IGB Pipe­line and then on to Cen­tral and East­ern Europe.

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