A second-round market test offering capacity reservations for the prospective Alexandroupoli FSRU in northeastern Greece has drawn enough interest to ensure the project’s sustainability ahead of a final business decision, energypress sources have informed.
The deadline for this market test, a binding procedure, expires today following a ten-day extension granted in order to give Romania’s Romgaz more time to confirm the duration and quantity of its offer.
Romania has entered a period of political crisis after interim prime minister Ludovic Orban’s Liberal Party government was toppled in a no-confidence vote called by the main opposition last month. The coronavirus crisis has worsened the situation. Orban and his entire Cabinet have quarantined themselves after coming into contact with a senator who was later confirmed to have the coronavirus.
Greek gas utility DEPA and power utility PPC have reserved Alexandroupoli FSRU capacities for lengthy periods, the sources added.
Bulgaria’s Bulgartransgaz and a Serbian company are also believed to have confirmed earlier requests for capacity reservations.
The Bulgarian, Serbian and Romanian interest highlights the potential of the Alexandroupoli FSRU to serve as a new natural gas gateway for southeast European markets, via the Greek-Bulgarian IGB pipeline, now under construction, as well as other existing and planned gas pipelines in the region.