Representatives of the shareholders of the Alexandroupoli LNG terminal project were informed about potential delays in the project’s implementation and discussed measures to optimise the construction of the floating LNG platform, during the visit to the Keppel Corporation shipyard in Singapore, where the platform for the terminal is under construction.
The CEO of Bulgarian natural gas transmission system operator Bulgartransgaz, Vladimir Malinov, emphasised the need to accelerate the operation so that the terminal is ready as soon as possible. He said that commercial interest in the Alexandroupoli terminal is growing, which confirms forecasts that the share of LNG supplies to European countries will continue to increase steadily in the coming years. The terminal is key to the security of energy supply and ensuring competitive market conditions in the region. Bulgartransgaz’ investment in the terminal is strategic and timely. Also important is the synergy provided with the projects for the expansion of the underground gas storage facility in Chiren and the Bulgaria-Serbia interconnector.
He noted that Trakia LNG, Gastrade’s planned second LNG terminal, as well as other new terminal projects in Greece, will further increase interest in transporting gas through Bulgaria.