Of Thanks to Floudopoulos
Within a few days, the tender conducted by DESFA, through the mediator SSY Gas, for the assignment of the lease contract for the new floating storage tank LNG, which will be installed in Revythousa, was completed.
The lease, which will last 12 months and aims to strengthen security of supply, as it increases the storage of liquefied natural gas in the Greek transmission system, was assigned to the company Gaslog, the shipowner P. Libanos, after a thorough evaluation of the bids received in the context of the competition.
According to market sources, the award of the relevant lease agreement was made in full compliance with the rules and the framework set by the Energy Regulatory Authority, while Gaslog’s offer was the most competitive and compatible with the specifications of the tender.
According to information, a total of 4 bids were submitted in the competition, while the methodology was approved by RAE last Thursday in order for the evaluation to proceed. The tender was awarded at a meeting of the Board of DESFA yesterday, May 10.
The aim of the express process that was completed is to deliver the new floating storage tank (FSU) to the system in July, significantly enhancing the security of supply of the Greek energy system.
Specifically, the new FSU will upgrade the storage capacity of the Revythousa station while at the same time the flexibility of the system will be enhanced.
The new warehouse that will be created with the installation of a specially designed tanker will have a total capacity of 150 to 174 thousand cubic meters.
The new addition will increase by about 70% the capacity of the three storage spaces of the Revythousa terminal, which today reaches 225 thousand cubic meters, to 375 thousand cubic meters. Consequently, the possibility for imports of LNG loads in the Greek system is expected to increase significantly.
Finally, it is noted that the new floating depot is expected to play a key role in the security of the system in the event of an unfavorable development on the front of gas supplies from Russia.
Thus, in case of interruption of the flow of Russian gas, the possibility for increased imports of LNG cargo is expected to shield the adequacy of supply for the Greek system.
Source: Capital
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