Thrace FSRU

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Thrace FSRU Terminal is a proposed floating storage regasification unit (FSRU) terminal for LNG import in the Aegean Sea, off the coast of Greece.

Location

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Project Details

• Owner: Gastrade
• Parent company: Elmina Copelouzou (20%), GasLog Cyprus Investments (20%), DEPA Commercial (20%), Bulgartransgaz (20%) and DESFA (20%)
• Location:
• Coordinates: 40.748354, 25.718754 (approximate)
• Capacity: 6 bcm/y, 4.4 mtpa
  • Formerly 5.5 bcm/y
• Cost:
• Financing:
• Status: Proposed
• Type: Import
• FID Status:
• Start Year: 2024

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day; bcm/y = billion cubic meters per year

Background

In March 2022, Gastrade announced it was planning to install a second floating storage and regasification unit (FSRU) located in the Thracian Sea, offshore Alexandroupolis, and had submitted an application for a new independent natural gas system (INGS) license to the Regulatory Authority for Energy of Greece. Gastrade had already obtained an INGS license for the neighbouring Alexandroupolis LNG Terminal, and took a final investment decision (FID) for that project in January 2022. The Thrace FSRU would be able to deliver up to a maximum of 22.7 million cubic meters per day, or 5.5 bcm/y, the consortium said.

In March 2024, the technical director of Alexandroupolis FSRU spoke at the Forum East Macedonia & Thrace Forum ΙΙ and left open the possibility of a second FSRU operating in the Thrace region.