Mercuria Energy and Motor Oil Hellas have signed a Memorandum of Understanding (MOU) to establish a framework for long-term cooperation related to the Dioriga Gas Floating Storage and Regasification Unit (FSRU) project in Greece’s Saronic Gulf.
The Dioriga Gas FSRU project, being developed by Motor Oil Hellas through its subsidiary Dioriga Gas, is regarded as the most advanced and mature FSRU development in Greece. Strategically positioned in the Saronic Gulf, the terminal is expected to provide an efficient solution for LNG imports into Greece and the broader Southeast European market. The project is also anticipated to contribute significantly to the diversification of gas supply sources, strengthen regional energy security, and reinforce Greece’s role as a key LNG gateway for Europe.
Under the terms of the MOU, the companies will cooperate on a phased basis in areas including regasification capacity reservations at the terminal, long-term LNG supply arrangements from Mercuria to Motor Oil Hellas through the Dioriga Gas FSRU, and the development of the commercial framework required to bring the project into operation.
The partnership underscores both companies’ commitment to supporting Europe’s energy security objectives and investing in infrastructure aimed at ensuring reliable and diversified gas supplies across the region.
For more information visit www.mercuria.com
