23 February 2024
Corinth Pipeworks will fabricate and supply the piping for the Alexandroupolis FSRU natural gas pipeline by Gastrade. Hence, connecting to the National Natural Gas Transmission System of Greece and transmitting to Northeastern Europe.
Saipem S.p.A has awarded a contract to Corinth Pipeworks for the development of an offshore and onshore natural gas pipeline by Gastrade. The Floating Storage and Regasification Unit (FSRU) will connect to the National Natural Gas Transmission System of Greece through a 28 km long pipeline. Hence, the gasified LNG will transmit to Northeastern Europe. Nonetheless, carrying the prospect of also supplying Ukraine.
The company’s pipeline proposal was evaluated as the most advantageous of its competitors. Thus, providing a both technically and economically feasible solution. The offer consists of 28 km of 30” SAWL steel pipes, which also include anti-corrosion coating and concrete weight coating. Note that, the fabrication and external coating process of the entire quantity of pipes will take place at the Company’s plant in Thisvi, Viotia, Greece. Therefore, scheduled deliveries will begin in 2023.
The development of the pipeline plays a decisive role in the energy security of Greece and Northeastern Europe. In the meantime, it contributes decisively to the smooth energy transition and heterogeneity of supply to this extremely sensitive region.
The pipeline’s construction and operation will strengthen the strategic role of Greece as an energy hub for the wider region of Northeastern Europe. Moreover, it will offer alternative sources and routes of natural gas supply. Therefore, strengthening the security of supply and energy autonomy in a challenging period.
Source: Corinth Pipeworks
The Kickoff of the FSRU of LNG in Alexandroupolis by Gastrade SA was given in a special ceremony. Particularly, taking place in the old Storage House of the Alexandroupolis Port Customs on Tuesday, May 3, 2022.
The Final Investment Decision (FID) for the construction of the Independent Natural Gas System (INGS) of Alexandroupolis took place by the shareholders of Gastrade SA in February. The FID was the last and most important milestone, before entering the project’s construction phase.