By Trieris Shipping Agencies•October 15, 2025•5 min read

One year after the Alexandroupolis FSRU began commercial operations, Greece's second LNG terminal is reshaping the energy map of southeastern Europe. For shipping operators and their agents, this new infrastructure means growing vessel traffic, new service requirements, and expanding opportunities across Greek ports.

From Vision to Reality

The FSRU "Alexandroupolis", operated by Gastrade, launched commercial operations on October 1, 2024, after 15 years of development. Built at the Seatrium shipyard in Singapore through a conversion of a GasLog LNG carrier, the unit was valued at approximately $386 million. It sailed from Singapore in November 2023, arriving in the Thracian Sea on December 17, 2023.

The terminal is a joint venture between Copelouzou (Elmina), GasLog, DEPA Commercial, Bulgartransgaz, and DESFA, each holding a 20% stake. Already 14 Greek and international companies have booked nearly all available capacity through at least 2030.

Sources: Gastrade, LNG Prime, LNG Industry

FSRU Alexandroupolis operated by Gastrade in the Thracian Sea
The FSRU "Alexandroupolis" by Gastrade. Storage capacity: 153,500 m3 LNG. Annual regasification: 5.5 billion cubic meters.

Strategic Significance

For agencies coordinating LNG operations in Greece, the terminal adds a second major facility to cover alongside Revithoussa. Positioned 17.6 km southwest of Alexandroupolis in the Aegean Sea, the FSRU serves as an energy gateway for nine or more countries. It connects to the Greek National Gas Transmission System via a 28 km subsea and onshore pipeline, feeding into the Vertical Corridor that reaches Bulgaria, Romania, and beyond.

Key commercial milestones in the first year include LNG deliveries from Norway (Equinor/Hammerfest), the US (Cameron LNG, Calcasieu Pass, Freeport LNG), and Egypt. Venture Global signed a five-year deal for approximately 1 mtpa of regasification capacity, accounting for roughly 25% of the terminal's total capacity.

Sources: Gastrade, LNG Prime, Offshore Energy, Global Energy Monitor

Key data: Capacity: 5.5 bcm/year • Storage: 153,500 m3 • Investment: ~$386M • Shareholders: Copelouzou, GasLog, DEPA, Bulgartransgaz, DESFA • Commercial users: 14 companies • Capacity booked through 2030

What Comes Next

FSRU Alexandroupolis receiving LNG cargo from a carrier
The FSRU receiving an LNG cargo delivery. The terminal is expected to handle approximately 50 carrier deliveries per year at full capacity.

Gastrade is already planning a second unit, FSRU Thrace, with similar capacity, potentially doubling the northern terminal's throughput by 2028-2030. Combined with Revithoussa in the south, Greece will operate three LNG import facilities, cementing its role as Europe's southeastern energy gateway.

Implications for Ship Operators

  • Growing LNG carrier traffic in the Northern Aegean and Thracian Sea
  • Growing demand for experienced ship agents providing agency and husbandry services at Alexandroupolis
  • Crew change and supply logistics coordinated through Athens or Alexandroupolis airports, managed by local agents familiar with the region
  • The broader Vertical Corridor means more pipeline-fed gas and fewer Russian imports, shifting trade patterns across the region
  • Alexandroupolis port itself is developing as a geostrategic hub, and having a Greek ship agent with established relationships across both Revithoussa and Alexandroupolis becomes a strategic advantage

Trieris Shipping Agencies provides agency services across all Greek ports, including Alexandroupolis. With 45+ years of experience and an extensive network, we ensure seamless port call management for LNG carriers and all vessel types. Contact agency@trieris.gr or call +30 210 422 1401.

← Back to News + Views Contact Trieris