Venture Global LNG has secured around 1 Mtpa of LNG regasification capacity at the new Alexandroupolis LNG receiving terminal in Greece for five years from 2025.
The long-term terminal use agreement was signed with Gastrade. Venture Global LNG will account for around 25% of total terminal capacity, or approximately 12 cargoes annually.
The new LNG FSRU terminal and South-North Vertical Corridor will be essential in enhancing central and eastern European energy security by providing a new route to bring alternative supplies of natural gas to the region.
Critical energy infrastructure projects in Greece have been supported in part by European co-funding as well as the US Government Development Finance Corporation.
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