Bulgaria to Book Capacity at Greek LNG Terminal
Bulgaria's state-owned gas supplier Bulgargaz intends to book around 500mn m3 of annual regasification capacity over a ten-year period at a new LNG terminal being built in Alexandroupolis, Greece, the Bulgarian government said on March 10.
The project's developer Gastrade held a market test in late 2018, in which companies submitted non-binding expressions of interest to book 12.2bn m3/yr of import capacity - more than twice the terminal's design capacity of 5.5bn m3/yr. The second stage, in which binding offers will be accepted, was launched in January.
The deadline for these offers had been set at February 24, but was extended to March 10 and again to March 20.
Bulgartransgaz entered a preliminary deal to buy a 20% stake in Gastrade, whose parent company is Greece's Copelouzos. Monaco-based GasLog already has a 20% interest in Gastrade, and Greece's Depa is also set to take a 20% share.