Contributing to energy security in Europe: RINA and Asprofos win a contract for the FSRU in Alexandroupolis

RINA, the multinational inspection, certification and consulting engineering company, in partnership with Asprofos, a leading Greek engineering consultancy firm with extensive experience in energy infrastructure, has been awarded a contract to provide project management consultancy (PMC) for the Alexandroupolis Independent Natural Gas System (INGS), owned and developed by the Greek company Gastrade SA whose shareholders include Mrs. E. Copelouzou, GasLog Cyprus Investments Ltd., DEPA Commercial SA, Bulgartransgaz EAD and DESFA SA

The project will increase and strengthen the security and diversification of gas supplies in the South East Europe region. It will consist of a permanently moored Floating Storage Regasification Unit (FSRU) and a 28 km pipeline system connecting the floating unit to the Greek National Natural Gas Transmission System (NNGTS). The FSRU will be stationed in the northeastern part of the Aegean Sea, approximately 17.6 km southwest of the city of Alexandroupolis in northeastern Greece. The FSRU will have a storage capacity of 153,500 m³, a nominal gas emission rate of 625,000 m³/h, corresponding to 5.5 billion m³/year (530 mmscfd) and a gas emission rate of peak (without redundancy) of up to 944,000 m³/h, corresponding to 8.3 billion m³/year (800 mmscfd).

The project is financed by own resources with co-financing by public funds, the National Bank of Greece and equity. Public funds will be provided through the Greek Public Investment Program (codes: 2021ΣΕ17510003 and 2021ΣΕ175100040, partly through national participation and partly through the European Regional Development Fund (ERDF), during the 2014-2020 programming period and under the operational program “Competitiveness, Entrepreneurship and Innovation 2014-2020 (EPAnEK)”.
This terminal is an accelerated project, with the FSRU expected to be online by the end of 2023. RINA and Asprofos will ensure that the project’s contractual requirements in terms of expected performance, quality, safety and planning are met. In addition to supporting the contracting authority on technical and managerial planning and supervision, the two partners will act as an interface, through a multidisciplinary team of experts covering the different needs of the project.

Source: RINA

Leonardo Brunori, Executive Vice President Energy & Mobility at RINA, explains: “This is a crucial project for the security of European energy supplies. Recent events have highlighted the danger of depending on one country for our energy needs. RINA has a long and proud track record of delivering FSRU and LNG projects around the world, having worked on over 200 over the past fifteen years. We look forward to working with Asprofos to deliver this strategically important terminal enabling Europe to further diversify access to energy.
Dionysios Belekoukias, CEO of Asprofos, says: “We are delighted with this contract and to work with RINA on this important project. We were awarded the contract because of our strong combined technical skills. Over the past 35 years, Asprofos has gained extensive experience in the natural gas sector, having been involved in all phases of the majority of Greece’s national natural gas system, including the Revithoussa LNG terminal. We have also been actively involved in most of the natural gas projects that have been implemented or are under development in Greece, such as Trans Adriatic Pipeline (TAP), IGI Poseidon Pipeline, EastMed Pipeline, covering engineering, environment, permits, project management, construction management and supervision services. There are few companies that would be able to meet the various technical and geographical requirements of the project.
Source: RINA

Mary I. Bruner