Port of Alexandroupolis to become energy hub after Bulgaria deal, Greek PM says

·

The leaders of Greece and Bulgaria signed a deal on Monday that will allow Bulgaria to participate in a planned liquefied natural gas terminal at the port of Alexandroupolis in northeastern Greece.

The project, which has strong support from the United States, is aimed at boosting energy diversification in southeastern Europe, a region largely reliant on Russian natural gas.

“This large investment is set in motion with the ultimate goal of turning our easternmost port into a global energy hub,” Greek Prime Minister, Kyriakos Mitsotakis, said at the signing of the agreement in Athens.

“The port of Alexandroupolis is celebrating its 150th anniversary this year. It is becoming a hub of cooperation, a source of wealth and prosperity for the countries and for the peoples.”

The Greek leader added that the gas will be distributed to Greece, Bulgaria and the whole of southeastern and central Europe by the end of 2022 or the beginning of 2023.

“The benefits are also geopolitical: A new axis of diversification of natural gas routes is being created not only for Bulgaria but also for central Europe which will no longer have a single source of energy,” Mitotakis said.

On his part, Bulgarian Premier Boyko Borissov said the project is not only a bridging of the energy sources, but it helps both countries become main hubs and play a key role in energy and its distribution.

“We have reached a solution that satisfies all sides, both the investors and the partners. So we will be supplied with natural gas from every part of the world. All these flows will be feasible through the investment in this project,” Borissov said.

The project consists of an offshore floating, storage and regasification unit (FSRU) for the reception, storage and re-gasification of LNG, which will be stationed 17.6 km offshore the town of Alexandroupolis, as well as a gas transmission pipeline.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

John Stamos explores his Greek heritage in emotional documentary

In a new documentary, Hollywood actor John Stamos embarks on a personal journey to uncover his Greek ancestry.

Actor Adam Demos opens up on his exciting new role

Australian actor Adam Demos, takes on a new challenge in Rescue: HI-Surf, where he plays lifeguard Will Ready on O‘ahu’s North Shore.

Bauhaus-inspired revival for Athens’ Faliro Bay waterfront

The European Commission has approved €370 million in funding for the Faliro Bay Metropolitan Park in Athens.

Expansion work set to begin at Athens International Airport

Preliminary construction for the expansion of Athens International Airport is scheduled to commence in the first quarter of 2025.

Study ranks Greece among world’s scariest places to drive

According to a recent survey by Scrap Car Comparison, Greece ranks among the most nerve-wracking places to drive in the world.

You May Also Like

Six-party parliament emerges from election results; Golden Dawn out

According to the official tally, with over three-fourths of the ballots counted, Golden Dawn is sitting at 2.97 percent and will not elect a...

The never-ending lawsuits of AHEPA in NSW

On October 21, 2023, Justice Black in the Supreme Court of NSW issued two judgments in an ongoing series of disputes within the AHEPA.

‘Two dead soldiers were hugging’: Chris Zaropoulos’ first-hand account of October 28, 1940, in Greece

Chris Zaropoulos was only 9 years old when the Italians launched an air attack on Greek soldiers on October 28, 1940.