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LNG: Gastrade Eyes 2026 Second LNG FSRU FID: Platts

LNG
CommoditiesCEEMEAEurozoneEnergy BulletsBulletPower BulletsGreece

Greece’s Gastrade may decide on a second LNG FSRU in early 2026, depending on market conditions, Platts said.

  • The first 5.5 Bcm/y FSRU at Alexandroupolis began operations in October, while a second FSRU is planned for the Sea of Thrace.
  • Project development is progressing through the pre-FID phase, including licensing and financing.
  • Market conditions will determine the project's commercial viability and timing of the FID.
  • The first FSRU at Alexandroupolis faced a technical issue and was taken offline in January.
  • In 2024, Greece imported 1.6m mt of LNG, down from 1.9m mt in 2023. Imports came from the US, Russia, Norway, and Algeria.
  • Plans to expand Greek LNG import capacity align with the regional Vertical Gas Corridor project which aims to boost regional gas interconnection in Southeast Europe, Platts said.
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Greece’s Gastrade may decide on a second LNG FSRU in early 2026, depending on market conditions, Platts said.

  • The first 5.5 Bcm/y FSRU at Alexandroupolis began operations in October, while a second FSRU is planned for the Sea of Thrace.
  • Project development is progressing through the pre-FID phase, including licensing and financing.
  • Market conditions will determine the project's commercial viability and timing of the FID.
  • The first FSRU at Alexandroupolis faced a technical issue and was taken offline in January.
  • In 2024, Greece imported 1.6m mt of LNG, down from 1.9m mt in 2023. Imports came from the US, Russia, Norway, and Algeria.
  • Plans to expand Greek LNG import capacity align with the regional Vertical Gas Corridor project which aims to boost regional gas interconnection in Southeast Europe, Platts said.