Four companies have expressed non-binding interest in a procedure seeking FSU offers, both through lease and sale arrangements, for gas grid operator DESFA’s LNG terminal on the islet Revythoussa, just off Athens.
The Revythoussa plan entails adding an FSU with a capacity of between 150,000 and 174,000 m3 to the LNG terminal, which would increase the facility’s current 225,000 m3 capacity, provided by three existing onshore storage units, to at least 375,000 m3, an increase of approximately 70 percent.
Local authorities were satisfied with the level of interest expressed by participants in the first-round procedure, staged to gauge the market for FSU availability. The procedure was staged with guidance from international broker SSY Gas.
A six-month lease solution for an FSU is now considered certain as an initial plan as RAE, the Regulatory Authority for Energy, keeps assessing market data to decide whether an FSU lease or purchase solution is best for Revythoussa over the longer term.
A follow-up tender inviting interested parties to submit binding bids will be staged as soon as RAE has reached its decision.
According to the plan’s schedule, a follow-up tender is planned for the first half of May. Officials aim to have an FSU moored at Revythoussa by the end of July.