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North Macedonia will invest in the LNG terminal near Alexandroupolis

14 april 2021

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Macedonian state-owned companies National Energy Resources (NER) and ESM have signed Memoranda of Understanding (MoC) for investment in the project for the the construction of a floating liquefied natural gas (LNG) terminal and a gas plant near Alexandroupolis in Greece, BalkanEngineer.com learned from SeeNews.com.

 

 

North Macedonia plans to invest more than EUR 380 million in a 25% stake in the 800 MW power plant and EUR 370 million in a 10% stake in the liquefied natural gas terminal, prime minister Zoran Zaev told a news conference on North Macedonia government`s YouTube channel.

 

NER has signed a MoC with Asmina Copelouzos of the Greek company Gastrade, which develops the LNG terminal, to acquire a stake in it. On the other hand, ESM has signed an agreement with Gastrade to reserve capacity at the terminal for a period of 15 years, as well as a Memorandum of Cooperation with Damco Energy to purchase a 25% stake in the gas-fired power plant.

 

The liquefied natural gas terminal near Alexandroupolis, which is expected to become operational in early 2023, will include a floating LNG storage and regasification unit, which will be a new, independent energy portal for markets in Southeast and Central Europe. The facility will have a liquefied natural gas storage capacity of 170,000 m3, as well as an annual supply capacity of 5.5 billion m3.

 

Source of images: freepik.com

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