BAKU, Azerbaijan, Apr.2
By Leman Zeynalova – Trend:
NER, the state energy company of North Macedonia, has joined the project for construction of a liquefied gas terminal (LNG) near Alexandroupolis, Greece, Trend reports citing Bulgarian media.
The terminal is expected to be commissioned in 2023.
The North Macedonia holds 25 percent share in the project. Bulgarian gas transmission company Bulgartransgaz is also a co-shareholder with 20 percent.
Currently, North Macedonia receives natural gas almost entirely from Bulgaria. The liquefied gas terminal will be built 17 kilometers from Alexandroupolis and will have a capacity to supply 5.5 billion cubic meters of gas per year. The project is in synergy with Interconnector Greece-Bulgaria (IGB), as well as the interconnection between Greece and North Macedonia, and the one between Bulgaria and Serbia.
The Alexandroupolis LNG Terminal is one of the most significant energy projects realised in recent years, with high importance for Greece, Bulgaria and the wider region, since it materially contributes to the diversification of energy sources and routes for the entire Southeast Europe, enhances energy security and competition in the region, and supports the creation of a regional Natural Gas Hub.
The project is strategically located at the crossroads of the Southern and Vertical Gas Corridor and offers access to LNG to the markets of Greece, Bulgaria, Serbia, Romania, Northern Macedonia and further to Moldova and Ukraine.
The terminal consists of the LNG Floating Storage and Regeneration Unit (FSRU) with a storage capacity of 170,000 cubic meters of LNG and a regasification capacity of at least 5.5 billion cubic meters of natural gas per annum.
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