Bulgaria has reached an agreement in principle to double its reserved capacity to 1 bcm/year at a new LNG facility to be built off the port of Alexandroupolis (northeastern Greece). The 5.5 bcm/year LNG terminal is expected to become operational at the end of 2023 and is meant to help Balkan countries to ensure a diversified and stable gas supply amid growing tensions with Russia.
The Alexandroupolis LNG terminal will be built by a consortium of Greece’s Copelouzos family, Greek gas companies DEPA and DEFSA, Bulgaria’s Bulgartransgaz and Cyprus’ Gaslog. It will be able to store 153,500 cm.
Bulgaria is seeking to secure natural gas supply for the coming winter after Russia halted its gas supplies in April 2022 over the country’s refusal to pay in rubles amid European sanctions on Moscow over its invasion of Ukraine.
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