• Natural Gas News

    Greek LNG terminal planner signs transport agreement

Summary

The agreement commits the Motor Oil subsidiary to pay for the associated onshore infrastructure.

by: William Powell

Posted in:

Complimentary, Natural Gas & LNG News, Europe, Liquefied Natural Gas (LNG), Corporate, TSO, Infrastructure, Pipelines, News By Country, Greece

Greek LNG terminal planner signs transport agreement

Greek gas transporter Desfa and Motor Oil subsidiary Dioriga Gas signed June 16 an advance reservation of capacity agreement underpinning the pipeline connection between a planned floating LNG import terminal in Corinth and the national grid.

The agreement enables Desfa to start on the studies for a metering and regulating station with a capacity of 12mn m³/day, it said.

The FSRU will be an additional gateway for natural gas to serve emerging national and regional gas markets, enhancing security of supply and diversification of sources, as well as competition at both national and regional level, with significant benefits for consumers, Desfa said.

And combined with the small-scale LNG infrastructure being built at the Revithoussa LNG terminal, Dioriga's planned LNG barge reloading and truck loading facilities will facilitate further penetration of natural gas in the maritime sector, as well as in areas far from the natural gas network, it added.

Desfa CEO Maria Rita Galli said the new import project would "further enhance the role of Greece as southeast Europe’s international energy hub."

Dioriga CEO Ioannis Kioufis said the ARCA signalled the start of a project that would benefit Greek consumers. "Motor Oil as an energy group is committed in realising works of strategic importance for the country’s energy transition," he said.