Wood Group has secured a new front end engineering design (FEED) contract with Greek company Gastrade S.A. for the Alexandroupolis Independent Natural Gas System (INGS) offshore Greece, the company announced on Tuesday.
The project is to develop a floating liquefied natural gas (LNG) receiving, storage and regasification unit (FSRU) in northern Greece.
The Alexandroupolis INGS will create a fourth natural gas import gate into Greece, with a send-out capacity of 700,000 cubic meters of natural gas per hour or 6.1 billion cubic meters of natural gas per year and a storage capacity of up to 170,000 cubic meters of LNG.
The value of the FEED contract was not disclosed while the company said that the project will create "a new natural gas gateway to the markets of south eastern and central Europe."
Wood Group’s subsea team will perform the design and engineering definition of the Alexandroupolis FSRU and its subsystems which will support the final investment decision for the project, planned for late 2017.
Commercial operations of Alexandroupolis INGS are expected to commence in 2019.
(Anadolu Agency)
