Heightened investor interest in the prospective LNG terminal in Alexandroupoli, northeastern Greece, is expected to soon lead to the addition of a fifth member into a consortium established to develop the project, energypress sources have informed.
A fifth member is expected to be announced before the end of the year, offering participants respective 20 percent stakes.
An increasing number of companies are considering joining the consortium, spurred by the transatlantic political support of the FSRU project, confidence of its actualization, and recent rentry on the EU’s Projects of Common Interest (PCI) list.
Firms considering joining the consortium are primarily American and European, sources have informed. Some of these are active in the production and trade of natural gas, while others are European network operators, sources added.
The Alexandroupoli FSRU plan was initiated by Gastrade, a member of the Copelouzos group, before Gaslog, an international LNG carrier run by Panagiotis Livanos, and, most recently, DEPA, the Public Gas Corporation, also officially joined the consortium. Bulgarian Energy Holding (BEH) is also set to join, as the consortium’s fourth member.
Gastrade and its consortium partners are currently engaged in negotiations with interested parties to decide on a fifth consortium member.