Gastrade SA has announced the signing of the agreements for the co-operation of National Energy Resources (NER AD) Skopje and AD Power Plants of Northern Macedonia (AD ESM) with the Alexandroupolis LNG Terminal.

The agreements were signed in Skopje, Macedonia, by the vice president of the board of directors of Gastrade, Kostis Sifnaios and the executive director of NER AD Bajram Rexhepi and the president of the management board and general manager of AD ESM Vasko Kovacevski, in the presence of the prime minister of the Republic of North Macedonia Z Zaev.

NER AD aims to acquire a share in the share capital of Gastrade whilst AD ESM is interested in reserving capacity at the terminal on a long-term basis. The parties will work together in formulating the details of both agreements to be presented to their respective governance bodies for their approval.

Gastrade is developing the LNG floating storage and regasification unit (FSRU) offshore Alexandroupolis in Greece, which will be a new, independent energy gateway for the markets of Southeastern and Central Europe.

The terminal is expected to be operational in 2023.

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7th April 2021