The developer behind a planned LNG terminal in northern Greece is facing a battle to secure the investment it needs to take an FID.
Gastrade, part of Greek energy group Copelouzos and the would-be operator of Alexandroupolis LNG, told Interfax Natural Gas Daily it is looking to increase its number of shareholders from the two it has at present to five. Copelouzos controls 80% of Gastrade, with the remaining 20% held by LNG carrier specialist GasLog.
A Gastrade spokesman said the company was confident of investment from Greece’s public gas supply corporation DEPA and state-owned Bulgarian Energy Holding (BEH), both of which are "in advanced discussions with [Gastrade’s] management".
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