New FSRU to improve energy security of Greece


A floating storage and regasification unit (FSRU) to be constructed off Alexandroupolis, Greece will become a new energy gateway for the wider Mediterranean, in addition to helping increase energy security for the country.

With a capacity of 153,000 cm of liquefied natural gas (LNG), the project will also strengthen Greece’s role as an energy hub for Southeastern Europe, helping to mitigate a volatile natural gas market. 

In a deal signed earlier this month, the Prime Minister of Greece, Kyriakos Mitsotakis, and Prime Minister of Bulgaria, Kiril Petkov, realised the commencement of the project. 

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