Gastrade, BEH to cooperate for Alexandroupolis LNG
Photo courtesy of Gastrade.
The Government of Bulgaria has decided to participate in the Alexandroupolis floating LNG terminal project in Northern Greece. Bulgarian Energy Holding (BEH), an entity belonging to the Ministry of Energy of Bulgaria and Gastrade, promoter of the LNG terminal project, have signed a terms of reference (TOR) for the creation of a joint working team that will study and propose to the Council of Ministers of the Government of Bulgaria the optimum way to implement Bulgaria’s participation in the project. The ΤOR includes the composition of the joint team, the scope and the boundaries of its work as well as the timeframe for the submission of its proposal to the Government of Bulgaria.
The Alexandroupolis LNG terminal in Northern Greece will materially enhance the energy security of Bulgaria offering at the same time the possibility for Bulgaria to differentiate its sources and routes of natural gas supply. Bulgaria represents the most important part of the project’s supply chain since, through the interconnector Greece-Bulgaria (IGB) and the National Natural Gas Transmission System of Bulgaria, operated by Bulgartransgaz, the access and transmission of natural gas from Alexandroupolis to the markets of the wider South East European such as Serbia, FYROM, Romania and also Ukraine, can be made possible.
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The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.
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October 25, 2018 08:30 AM CDT