In a particularly favorable environment created by high demand LNG throughout Europe Engine oil conducting a mandatory market test for it terminal (FSRU) “Dioriga Gaz” in Corinth and mediterranean gas optional market test for FGRU ARGO in Volos.

The Motor Oil Company announced the start of the mandatory stage of market testing of the Gas Pipeline with a completion date of December 15. In this second phase, Motor Oil secured, after appropriate approval from the RAE, eligibility for investors who did not participate in the first non-binding phase. The RAE also approved an increase in FSRU binding and gasification capacity to 210,000 cubic meters of LNG from 170,000 cubic meters. in original license. The Gas Pipeline project has been included in DESFA’s 10-year development plan (2021-2030) and will be connected to the national gas system via an onshore pipeline. The storage capacity is up to 210,000 m3, the gasification capacity is 132,000 MWh/day, and the estimated annual demand is 2.5 billion cubic meters. With the completion of the Gas Canal, the capacity of the Greek natural gas system will increase by 80%, which will directly affect the security of supply to the country.

Yesterday, Mediterranean Gas announced the start of non-mandatory market testing of the ARGO FSRU. FSRU ARGO is a floating station for temporary storage and regasification of LNG with a capacity of 5.2 bcm. natural gas per year to be installed in Volos. The LNG, which will be delivered by ship from various sources to the station, will be regasified, enter the national gas system and from there via pipelines to North Macedonia, Romania, Bulgaria, Albania, and also to Italy through an expanded connection with Greece. It should be noted that the construction of the FSRU in Alexandroupolis is underway with a completion horizon of 2023, with Gastrade also receiving permission to build a second station in the same area. The four new FSRUs, together with Revitusa and the pipeline network running through our country, will turn it into a key gas hub for the wider region.