Of Thanks to Floudopoulos
In the coming months, the market test for the floating station FSRU Argo is expected to take place, which is planned to be installed in Volos, said yesterday the president and CEO of the Mediterranean Gas company that develops the project V. Petkidis. He added that the final investment decision will be made in 2022, with the aim of starting the project in early 2024.
In a special event held yesterday for the presentation of the project, Mr. Petkidis stressed that FSRU Argo will be a modern world-class terminal that will add up to 4.6 billion cubic meters of LNG per year to the wider region.
The project has secured an ASFA (Independent Natural Gas System) license from RAE and at the moment alternative locations are being evaluated for its location in the area of ​​Volos.
According to Mediterranean Gas, FSRU “ARGO” is designed to support the energy needs of the region and to contribute to the security of gas adequacy for the country and the Mediterranean by contributing to the diversification of gas supply and energy security of Greece, the Western Balkans and the Mediterranean.
An advantage for the project is its location in central Greece, close to neighboring industrial zones as well as its proximity to the National Natural Gas System.
ExxonMobil
It is noted that the American energy giant Exxon Mobil has signed a strategic agreement for the technical and commercial support of the project as well as for the import of liquefied natural gas in Greece.
In fact, yesterday’s event was also attended by the vice president of LNG market development of the American company Jay Y. Song, who in a short greeting said that Exxon Mobil believes that LNG can help in energy independence and in this direction the American company can help Greece find solutions for both the domestic market and the wider region.
It is noted that at yesterday’s event, the outgoing Secretary General of OPEC Mohammad Sanusi Barkindo was also present, who gave a speech on “international energy challenges, oil and gas”.
Mr. Sanusi Barkindo stressed that during his long tenure in OPEC we saw rapid and rapid changes in the world market. He referred to the trend of de-globalization but also to the deregulation of the global supply chain, while noting the need for “sustainable stability in the oil market”.
As OPEC has said, market stability is not an end in itself, but it does emphasize the benefits that come with it. He also referred to the changes brought about by the ESG criteria and the oil market, while describing the dilemma for or against fossil fuels as completely false.
Regarding the energy transition, he stressed that no form of energy alone can meet the growing demand in the coming decades and stressed that the energy transition should be done in an inclusive way, fairly and equitably.
Finally, Mr. Sanusi Barkindo congratulated Mediterranean Gas for its insight into developing a project that helps with energy transition and energy security.
Source: Capital
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