Gastrade, heading an effort for the development of an FSRU project in Alexandroupoli, northeastern Greece, plans to stage a binding second-round market test for annual capacity reservations in September, slightly beyond July, as has been previously reported.
Gastrade is currently preparing and submitting various related documents as part of the procedural requirements set by RAE, the Regulatory Authority for Energy. The authority has endorsed Gastrade’s guidelines.
A non-binding first-round market test was completed on December 31 last year. Twenty firms based in various parts of the wider region, as well as major international gas traders, expressed official interest for annual capacity reservations totaling 12.2 billion cubic meters, which exceeded the project’s planned regasification capacity of 5.5 billion cubic meters.
A final investment decision is expected to be reached by the end of the year while the project’s launch is planned for the end of 2021.