Wednesday, February 1, 2023

    North Macedonia joins Alexandroupolis LNG terminal, gas power plant projects

    The government at its session on Friday reviewed and adopted the information on signing memorandums for the construction of liquefied natural gas (LNG) terminal in the Greek port city of Alexandroupolis and Alexandroupolis gas power plant, i.e., North Macedonia to invest in these international projects.

    These are a memorandum of cooperation between NER AD Skopje and Copelouzos Group, and a memorandum of cooperation between AD ESM and Gastrade S.A. for lease of capacity in the LNG terminal, as well as a memorandum of cooperation between AD ESM and Damco Energy SA to acquire a 25% stake in Alexandroupolis Electricity Production S.A., the government press service said in a press release on Saturday.

    NER AD Skopje and AD ESM are obliged to regularly inform the government on next activities in the implementation of these projects.