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Greece will build a liquefied gas plant. When it could be ready and how much it would cost

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According to the quoted source, the work was started by the Prime Minister Kyriakos Mitsotakis, in the presence of the leaders of the three partner countries and the President of the Council of Europe, Charles Michel, who, by his presence in Alexandroupolis, signaled crucial for the Balkans.

The two politicians stressed the need for Europe to show unity with Russia’s “energy blackmail” and to become independent of its acquisitions in a country that, according to Michel, has become “a war machine”, Agerpres reports.

At the inauguration of the works, Michel emphasized that projects like this emphasize the importance of “becoming masters of one’s own destiny”.

The Alexandroupolis plant is “an initiative of geostrategic importance”, which demonstrates the direction in which Europe must move “to diversify our energy sources and become independent of Russian gas,” said Michel, who assured that the new future will be built through “cooperation with our friends in the Balkans”.

The event was also attended by the Prime Minister of Bulgaria, Kiril Petkov, the President of Serbia, Aleksandar Vucic, and the Prime Minister of Northern Macedonia, Dimitar Kovacevski.

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Mitstotakis emphasized that the new facility marked “the sympathy of the Balkans and their European unity”.

“With this important project, we will soon be able to replace natural gas from Russian sources. Moscow’s recent blackmail makes this co-operation not only necessary but also urgent, “the Greek prime minister said.

Southeastern Europe consumes between 10 and 11 billion cubic meters of gas per year, of which about 50% comes from Russia.

With this new installation, in addition to the one already existing at Revithousa, a small island near Athens, Greece hopes to consolidate its geopolitical importance and become an important energy center of Europe, writes EFE.

On the southern flank, Greece also has gas interconnection projects with Israel, Cyprus and Egypt.

The Alexandroupolis plant will be ready by the end of next year and will consist of a floating unit, located on the sea, about 18 kilometers from the port, intended for the reception, storage and regasification of liquefied natural gas. It will be Greece’s first offshore installation.

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Through a system of submarine and land pipelines, natural gas will be sent to the National Gas Transmission System (NSF) and from there to final consumers.

In addition, it will be able to connect to the Greece-Bulgaria Interconnector (IGB), which will be completed in a few months, and the Trans Adriatic Gas Pipeline (TAP), which will bring gas from Azerbaijan to Italy and which has started operating. recently.

With a total investment of about 400 million euros, the storage capacity of liquefied natural gas will be 153,500 cubic meters per year and it is estimated that it will be able to regasify about 5.5 billion cubic meters.

In this way, Greece will double its storage capacity, which is currently 225,000 cubic meters at Revithousa, and will be increased to 380,000 cubic meters at this plant by building a second terminal.

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