More nations get behind European gas transmission plan

Greece

ATHENS, January 20, 2024 – Ukraine, Moldova and Slovakia have joined with other European nations in developing the Vertical Gas Corridor that will connect Greece to its northern neighbours, Reuters reported on Friday.

Gas transport operators from the three nations joined with their counterparts in Greece, Romania, Bulgaria and Hungary to sign an MoU to jointly develop the project.

The companies agreed to test capacity allocation in July 2024.

In 2016, the original four countries signed an agreement to develop the Vertical Gas Corridor that will allow bidirectional transmission of gas.

The Vertical Corridor will unite the Trans-Balkan gas pipeline and allow transport of gas from Greece to Moldova and underground storage facilities in Ukraine.

“Thanks to the participation in the Vertical Corridor initiative, we expect to supply over 7 billion cubic metres of gas from Romania to Central Europe a year additionally,” said Dmytro Lyppa, head of Ukraine’s transit operator.

In November 2023, Greek Deputy Minister of Environment and Energy Alexandra Sdoukou announced that Greece is expected to quadruple gas export potential by the end of 2030 through various projects, including Greece’s first FSRU that will be deployed at the Alexandroupoli floating LNG terminal.

Seatrium successfully delivered the FSRU in the same month.

The Alexandroupoli project is expected to be commissioned at the beginning of 2024.

Previous

Petroleum Development Oman wins big at OPAL awards

Next

ABB wins work on Guyana-bound FPSO