Gastrade announces that it has submitted today to the Energy Regulatory Authority (RAE) an application for the issuance of a new Independent Gas System License (ASFA). The new project, “ASFA Thrace”, will consist of a Floating Storage & Gasification Unit (FSRU) and will be developed in the Thracian Sea, off Alexandroupolis.
The FSRU will have a storage capacity of 170,000 sq.m. Liquefied Natural Gas (LNG) and will be able to deliver up to 22.7 million cubic meters (cubic meters) of natural gas per day or 5.5 billion cubic meters. annually. The project will also include a land and submarine pipeline system connecting the FSRU to existing gas pipelines in the area.
The project will enhance energy security and diversification of gas sources and supply routes in Greece and the entire region of Southeastern Europe and will drastically reduce any risk of power outages.
Gastrade is the first company in Greece to receive an ASFA license for the project of the “Alexandroupolis LNG Terminal” for which the Final Investment Decision was recently made and is now being implemented with the aim of operating at the end of next year. The project has been included in the NSRF Operational Program “Competitiveness, Entrepreneurship and Innovation 2014-2020”.
The shareholders of Gastrade are Ms. Elmina Kopelouzou (Founding Shareholder), Gaslog Cyprus Investments Ltd, DEPA Emporias SA, Bulgartransgaz EAD and DESFA SA with 20% each.
Source: Capital
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