North Macedonia eyeing 25% stake in Alexandroupoli gas facility, PM says

North Macedonia may participate with a 25 percent stake in a natural gas facility in Alexandroupoli, northeastern Greece, that promises to offer a production capacity double the size of the country’s gas shortage, totaling 2 GWh, North Macedonian Prime Minister Zoran Zaev has told state broadcaster Alsat.

Also, bureaucratic procedures concerning the development of a natural gas pipeline from Greece to North Macedonia are close to being completed, while talks with Okta, a Hellenic Petroleum (ELPE) subsidiary, for a relaunch of the company’s oil pipeline running from Thessaloniki to Skopje are continuing, Zaev noted.

The North Macedonian leader also expressed an interest for the country to participate as a shareholder in the company to develop the Alexandroupoli FSRU, noting the country plans to utilize natural gas for all state facilities as “American LNG is far cheaper”.

The Alexandroupoli FSRU is expected to facilitate supply of American LNG to the Balkan region.