Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Greece launches construction of floating LNG terminal


May, 03 2022
watermark Economic news

The Greek authorities have announced the start of construction of a floating liquefied natural gas (LNG) terminal in the city of Alexandroupolis. It is expected that this project will make it possible to quickly replace gas supplies from Russia, and in the long term it will make it possible to make significant changes in the energy sector of Europe.


The construction was launched in the presence of major European politicians: Charles Michel, President of the European Council, Kirill Petkov, Prime Minister of Bulgaria, Aleksandar Vucic, President of Serbia and others. 


The Greek Prime Minister said at the ceremony: «The first important step towards Europe's energy transition is the independent Alexandroupolis natural gas system – a new energy gateway for Greece and the Balkans, Eastern Europe.»


The terminal in Alexandroupolis with a length of 28 km is a floating regasification plant with a storage capacity of 155-170 thousand cubic meters of LNG and a maximum regasification capacity of 22.7 million cubic meters per day. The terminal should be operational by the end of 2023, its capacity will be 5.5 billion cubic meters of natural gas per year. 


During the construction, the terminal will be supplemented by the Greek-Bulgarian gas pipeline under construction – gas will flow from Greece to Bulgaria, and from there to Serbia, Northern Macedonia, Romania, Hungary and Ukraine.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.