The European Commission has approved the Greek government’s proposal to award €166.7 million in state aid to the LNG import terminal in Alexandroupolis, Greece.
The planned floating storage and regasification unit is being built by Gastrade, a partnership between Greece state gas firm DEPA and Bulgaria’s gas transmission system operator Bulgartransgas.
Executive vice president at the European Commission, Margrethe Vestager, said: “This will contribute to achievement of the EU’s goals in terms of security and diversification of energy supply. The Greek support measure limits the aid to what is necessary to make the project happen and sufficient safeguards will be in place to ensure that potential competition distortions are minimised.”
The terminal will be located 17.6 km from Alexandroupolis, 10 km from the nearest shore. It will have a delivery capacity of 5.5 billion m3 per year.
The European Commission decided that the terminal will contribute to security and diversification of energy supplies in Greece and the wider region of southeast Europe. The Commission approved the aid under EU state aid rules.
For more information visit www.gastrade.gr
