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Financial deadlines delay commercial exploitation of LNG terminal near Alexandroupolis

Photo: bulgartransgaz.bg

The commercial exploitation of the liquefied gas terminal near Alexandroupolis, which is key to Bulgaria’s energy security, will be delayed by two months. The deadlines, set for the beginning of January, are being postponed until March, 2024, BGNES reports. The reason for the delay is the updated business plan adopted on 3 November at a meeting of the board of directors of the project company Gastrade SA which is constructing the terminal. The update had to be made because of the approval, by the European Commission, of the request by the Greek side for additional state aid for the project amounting to EUR 106.1 million. The aid is granted after a significant increase in the planned expenditure for the construction and exploitation of the facility, as compared to the projected costs.

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