×
×
Project Insights

Greek Alexandroupolis FSRU facing more delays

Gastrade has pushed back the completion date of the project by a further six months, but the suspension of DEPA’s privatisation process suggests a longer delay is likely Gastrade has pushed back the completion date of the project by a further six months, but the suspension of DEPA’s privatisation process suggests a longer delay is likely.
By Silvia Favasuli 18 April 2019 Europe & Russia / LNG 0 34146
Greece's Revithoussa LNG terminal. (European Commission)

The key issue: A regulatory setback has delayed the completion of Greece’s Alexandroupolis FSRU project, with startup now pushed back to the end of 2021.

Interfax analysis: The developer of Greece’s Alexandroupolis FSRU project, Gastrade, was supposed to open the binding phase for booking capacity at the facility in Q1 2019, but the company has yet to receive approval to do so from Greek energy regulator the RAE. 

As a consequence, the binding phase of the allocation process has been delayed until Q3 2019, with the...