The market test phase for the project of FSRU (Floating Storage and Regasification Unit), of DIORIGA GAS A.E., of the Motor Oil group, begins. Following the approval of the guidelines by the Independent Energy Regulator for the management and distribution of capacity in the Independent Natural Gas System of the company DIORIGA GAS all interested parties, such as producers, traders and large consumers from Greece and abroad, are invited to submit their interest in commitment of capacities and services at the new Liquefied Natural Gas Terminal.
What is the DIORIGA GAS
DIORIGA GAS SA, a member of the Motor Oil Energy Group, is an Independent Natural Gas System (ASFA) infrastructure consisting of a floating terminal for the receipt, temporary storage and regasification of Liquefied Natural Gas (FSRU) located in the South of Sts. Theodoron Korinthias, about 70 km from Athens. This is a strategic project, of national and international scope, and is a new import gateway that will serve natural gas consumers throughout Greece and neighboring countries.
The DIORIGA GAS will be an open and flexible LNG import infrastructure with the following objectives:
• Enhancing the availability of flexible energy sources.
• Ensuring competitive gas prices.
• The increase of the storage capacity of the Greek natural gas system by 80%, with immediate consequence the strengthening of the security of supply of the country.
The importance of increasing LNG storage capacity is evident in times such as the current high prices in international markets and the country’s energy adequacy must be ensured at the lowest possible cost to the final consumer.
• The creation of a second southern gas import gateway to the southern tip of Greece, with the largest domestic consumption, as well as in Southeastern Europe, promoting natural gas in every corner of the country and in every home through tankers transporting Liquefied Natural Gas.
• Serving the increased demand for natural gas (due to new power plants) and the growing natural gas markets in Greece and the Balkans.
• The development of small-scale Liquefied Natural Gas applications, constantly contributing to the European and national strategy for reducing carbon emissions in the maritime sector.
• Provisions for the import of hydrogen and renewable gases, so that the Gas Canal is considered a pioneering force in the transition to the new era using cleaner energy sources.
Latest News
Greeks’ Buying Power Second Lowest in the EU
Greeks’ purchasing power is under pressure, ranking 26th among 27 EU member states.
Greek FinMin Says Digital Work Card Tackling Undeclared Work
Greece's recently launched digital work card aimed at tackling undeclared labor has already started to produce results, said Economy and Finance Minister Kostis Hatzidakis
MSC Cruises: More than 400 Visits to Nine Greek Destinations
MSC Cruises, a subsidiary of international shipping line Mediterranean Shipping Company S.A, will be sailing to Greek ports as of this month, expanding operations in the region year-round
Eurostat: Greece Among Cheaper Hourly Labor Cost Zones
In contrast, the countries that posted the highest hourly labor costs are Luxembourg (53.9 euros), Norway (51.9 euros), Iceland
GSEVEE: Economic Sentiment Indicator in Greece Down in Q2 2023
The drop follows a significant uptick in the ESI in the second half of 2022 (69.5 units) and a slight decline in the first half of 2023 (66.7 units)
Manpower Report: Sectors in Greece that Have Achieved Full Gender Equality in the Workplace
Greece surpasses this with 45%, showcasing progress but also room for improvement. Sectors like Consumer Goods and Services lead with 69% reporting full equality globally
Bank of America (BofA): Three Reasons Greek Economy Outperforms EC Average
BofA projects growth of 1.1% in 2024 and 1.7% in 2025, compared to forecasts for eurozone growth at 0.4%/1.1%, respectively
UniCredit: Greece’s Economy Set to Regain Momentum
This projection is based on the understanding that certain factors that hindered growth in the latter part of the preceding year, such as flood-related agricultural losses, abrupt adjustments in housing investments, and postponed public projects, were temporary setbacks
Council of the EU Adopts Environmental Crime Law
The law aims to improve the investigation and prosecution of environmental crime, to define new types of criminal offenses, and to harmonize penalties to individuals and legal persons
Banks: Changes in Transactions Due to Catholic Easter
In terms of financial obligations, those expiring on March 29 must be settled by March 28. Deposits made after March 28 will reflect in records starting from April 2. These alterations extend to payroll as well