ELPEDISON submitted an application for the granting of an Independent Natural Gas System (INGS) License to the Regulatory Authority for Energy (RAE).

The new project, “Thessaloniki FSRU”, will consist of a Floating Liquefied Natural Gas (FSRU) Storage & Gasification Unit, will be deployed in the Thermaikos Gulf, off the coast of Thessaloniki and is expected to operate in 2025.

The FSRU will have a storage capacity of 170,000 cubic meters of Liquefied Natural Gas (LNG) and will be able to deliver up to 20 million. c.m. of natural gas per day. The project will also include a system of land and underwater pipelines that will connect the FSRU with ELPEDISON’s power plants in Thessaloniki (one existing and one under construction), as well as with the existing NNGS transmission pipelines in the area.

The construction of the “Thessaloniki FSRU” will enhance security of supply, allow expanded access to natural gas markets and contribute to the decongestion of the National Natural Gas Transmission System. At the same time, it will be a point of supply of LNG fuel to ships for the port of Thessaloniki.

The operation of the FSRU will give ELPEDISON greater flexibility in its natural gas import and management activity, especially during peak periods.

It is a means to increase trading capabilities in Greece and abroad as well as to optimize the management and operation of power plants, contributing to an overall increase in the transported quantities of natural gas and, ultimately, to the country’s security of supply.