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Project Insights

FSRU market tightness delays Alexandroupolis LNG project

Gastrade has extended the timeline for completion of its Greek LNG development by six months to allow more time for the delivery of an FSRU Gastrade has extended the timeline for completion of its Greek LNG development by six months to allow more time for the delivery of an FSRU.
By Silvia Favasuli 14 January 2019 Europe & Russia / LNG 0 33832
Greece's Revithoussa LNG terminal. (European Commission)

Delays to the Alexandroupolis LNG project in northwestern Greece highlight the tightness in the FSRU market and indicate that longer lead times could be needed to deliver such projects in Europe and elsewhere in the world.

Gastrade, the developer of the 5.5 billion cubic metre per year regasification project, has pushed back its completion date from the end of 2020 to the second quarter of 2021 to give interested suppliers more time to deliver an FSRU.

“We decided to give interested suppliers more time...