Greece-North Macedonia gas interconnection agreement to be signed in May

, SEE Energy News

The gas interconnection will run from Nea Mesimvria near Thessaloniki to the Macedonian town of Stip. North Macedonian Minister of Economy Kresnik Bektesi said that an agreement on the construction of gas interconnection between Greece and North Macedonia will be signed in May, during the official visit of Prime Minister Zoran Zaev to Athens.  Last month, the Government approved the content of the agreement and authorized the Ministry of Economy to conclude it with the Greek authorities.

In early April, state-owned National Energy Resources (MER) and power utility ESM have signed a Memoranda of Cooperation (MoC) on investments in the projects for the construction of liquefied natural gas (LNG) terminal in Alexandroupoli in northern Greece and nearby gas -fired power plant. North Macedonian Prime Minister Zoran Zaev said that the country will invest more than 380 million euros in 25 % stake in 800 MW gas-fired power plant and 10 % stake in LNG terminal. MER signed a MoC on the acquisition of 10 % stake in LNG terminal with the Copelouzos Group, a shareholder in the project’s operator Gastrade, while ESM signed a MoC with Gastrade on the reservation of capacity at the terminal and another one with Damco Energy, also a part of the Copelouzos Group, on the acquisition of 25 % stake in gas-fired power plant.