Next week, if all goes as planned, the specially configured Gastrade tanker, which will be Greece’s first Floating Storage Regasification Unit (FSRU), begins its long journey from the Keppel shipyard in Singapore.
The final destination of “Orfeas” is the port of Alexandroupolis, after crossing the Indian Ocean, the South Atlantic Ocean and the Mediterranean Sea.
Information from the OT, they want the former LNG transport tanker, now built with FSRU technical specifications, to arrive in the Thracian Sea around mid-December.
FSRU Alexandroupolis
The approximately 300-meter-long floating unit will moor 17.6 km southwest off the port of Alexandroupolis.
The the only work left is to connect it to the 24 km long subsea and 4 km long land pipeline.
FSRU Alexandroupolis, according to the same information, will be able to receive quantities of LNG cargoes by mid-January 2024 and then gasify them by channeling the natural gas to the Independent Natural Gas System (IGS) and then through the IGB pipeline (interconnecting pipeline between Greece and Bulgaria) to supply the Balkan markets.
It will be permanently moored, and its LNG storage capacity is 135,000 cubic meters, while its technical gasification capacity is estimated at 5.5 billion cubic meters per year.
The floating unit is 288.6 meters long, 44 meters wide and 26.2 meters high.
The FSRU which cost €450 to €470 million having received Community funding of around €270 million.
Gas gateway to SE Europe
FSRU Alexandroupolis comes to strengthen the role of Greece as a hub for the transfer of energy resources to Europe.
Its operation, although the project was planned several years back, comes two years after the geopolitical turmoil triggered by Russia’s invasion of Ukraine and the need for the E.U. to become independent of Gazprom’s natural gas.
The quantities that will be trafficked will reach Bulgaria, Romania, North Macedonia and even Moldova.
The information says that already 50% of the quantities that can be gasified (5.5 billion cubic meters per year) are already licensed.
The Alexandroupolis FSRU has been characterized by Europe as a project of strategic importance as it diversifies the energy input sources of the Old Continent as well as the mix used by industry and consumers.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-600x400.jpg)
