mediterranean gas
Market Test
On December 19, 2022, the first phase of the Market Test of Mediterranean Gas for the expression of interest and capacity allocation for the ARGO FSRU terminal in Volos was successfully completed.
An expression of interest was submitted by Greek & international companies, which exceeded the total capacity of the terminal, while the quantities declared are for a period of up to 25 years. The demand for additional storage space in the terminal was also particularly high.
For more information please follow the link
Watch the ARGO FSRU Video: Mediterranean Gas ARGO FSRU – YouTube
Mediterranean Gas launches Market Test
Mediterranean Gas officially launches the market test for the capacity allocation at ARGO FSRU import terminal. Following the approval of the guidelines and the market EoI notice by the Regulatory Authority of Energy, all interested parties, including LNG producers, international traders, large-scale consumers, industrial users, marine and shipping companies locally and internationally, are invited to submit their interest in becoming registered Users of the new gate to Europe.
The ARGO FSRU terminal in Volos, strategically located in the heart of Mediterranean and in the center of the Greek natural gas system, will support the energy security and diversification of the region.
The ARGO FSRU in Volos, is an emblematic project that is being developed to contribute to the country’s energy needs and will increase the import and storage capacity across Balkan countries and Southeastern Europe. The regasification capacity of ARGO FSRU will amount to 5.2 bcm of natural gas per year. The LNG that will be shipped from various sources to Volos will be regasified, enter the National Natural Gas System, and transmitted through an network of cross-border pipelines to North Macedonia, Bulgaria, Romania, Albania, Italy, and the rest of Europe.
ARGO FSRU becomes the new energy hub for Greece and Europe.
The project is advancing well to meet the commercial timeline and contribute to the European energy independency.
This is a Non-binding Expression of Interest Phase. The participation to the EoI procedure does not require a participation fee and the deadline for receipt of Expression of Interest is 19th of December 2022. The ARGO Market Test is coordinated by DELOITTE.
All necessary documents for the participation in the Expression of Interest procedure can be found below:
Expression of Interest Form (doc)
For clarifications, the submission of interest or other information, please send email to market_test@mediterranean-gas.com
|
Stage |
Deadline |
|
Start of EoI Phase |
November 1st, 2022 |
|
Expression of Interest Deadline |
December 19th, 2022 |
|
Summary of results evaluation by Mediterranean Gas to Authorities (In accordance with Article 7 of the Guidelines) |
December 23rd, 2022 |
|
Mediterranean Gas informs participants |
December 29th 2022 |