Feb 12 • 11:53 UTC 🇬🇷 Greece Naftemporiki

Copelouzos’ Thrace FSRU under the “microscope” of the American DFC and EXIM

The American Development Finance Corporation (DFC) and Export-Import Bank (EXIM) are exploring financial support for the Copelouzos Group's FSRU project in Greece, which aims to enhance the country's liquefied natural gas capabilities.

The Copelouzos Group is advancing its project for Greece's second Floating Storage Regasification Unit (FSRU) located off Alexandroupolis. With a projected budget of €550-600 million, the FSRU Thrace is poised to serve as a significant infrastructure addition to Greece's natural gas transportation system. The initiative aligns with Greece's broader strategy to strengthen its position as a natural gas hub in southeastern Europe.

Discussions are currently underway with the American Development Finance Corporation (DFC) and Export-Import Bank (EXIM) regarding potential financial backing for the project. The involvement of these U.S. financial institutions signifies a strong interest in facilitating Greece's energy diversification and export capabilities. The CEO of Gastrade, Kostis Sifnaios, has confirmed that U.S. assistance may come in the form of loans or equity participation, which could enhance the project's viability and attract additional investment.

This initiative has implications for regional energy dynamics, particularly in relation to Europe's energy security amid ongoing geopolitical tensions. As the FSRU prepares to be established, it promises to bolster Greece's role as an energy supplier to neighboring countries while simultaneously promoting investments in the energy sector. The active engagement of U.S. financial entities highlights the importance of transatlantic cooperation in advancing energy infrastructure projects in Europe.

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