“We have reserved 300 million cubic metres (mcm) of gas from the terminal in Alexandroupolis on an annual basis, from the moment the terminal becomes fully operational" said energy minister Dubravka Djedovic Handanovic in a press release on Tuesday.
The Alexandroupolis terminal has a total send-out capacity of 5.5 billion cubic metres (bcm) of natural gas. It will be connected to Greece's National Natural Gas Transmission System with a 28-kilometre pipeline, through which the regasified LNG will flow to Greece, Bulgaria and the wider Southeast Europe (SEE) region, from potential suppliers including the U.S., Algeria and Qatar.
Bulgaria owns a 20% equity share in the terminal at Alexandroupolis and has booked storage capacity of 1 bcm per year.
In December, Serbia and Bulgaria opened a new cross-border natural gas interconnector, granting Serbia and several other countries in the region access to the LNG terminal in Alexandroupolis.
In November, Serbia signed a deal to import 400 mcm of natural gas from Azerbaijan, in an effort to wean off Russian gas.