Signing of ARCA between DESFA and Dioriga Gas

Source: 6/17/2021, Location: Europe

DESFA and Dioriga Gas signed on Wednesday June 16th 2021 the Advanced Reservation of Capacity Agreement (ARCA) for the construction of the connections between the planned floating storage and regasification unit of Dioriga Gas, which is set to be developed by the subsidiary of Motor Oil in the Gulf of Agioi Theodoroi, in Corinth and the National Natural Gas Transmission System (NNGTS) owned and operated by DESFA. The agreement was signed by the CEO of DESFA, Maria Rita Galli and the CEO of Dioriga Gas, Ioannis Kioufis.

This is an important step in the development of the Dioriga Gas FSRU, as with the signing of the agreement, DESFA begins the preparation of studies for the construction of a Metering and Regulating Station with a capacity of 490,000 Nm3 / h (11.76 mn. Nm3/day), which is going to connect the Dioriga Gas FSRU with the NNGTS, a project that is included in the three-year period of the Ten-Year Development Plan of DESFA 2021-2030.

Upon completion and in conjunction with DESFA's existing infrastructure, the FSRU of Dioriga Gas will be an additional gateway for natural gas to serve emerging national and regional gas markets, enhancing security of supply and diversification of energy supply sources, as well as competition at both national and regional level, with significant benefits for consumers.

In addition, in synergy with DESFA’s Small Scale LNG infrastructures (LNG Truck Loading Station & New Small Scale LNG Jetty), which are being constructed in the Revithoussa LNG Terminal, the planned LNG barge reloading and truck loading facilities of the Dioriga Gas FRSU will facilitate further penetration of natural gas in the maritime sector, as well as in areas far from the natural gas network.

On the occasion of the signing, Maria Rita Galli, CEO of DESFA, noted: "We are glad for today's signing as a further step has been achieved for a new gas import infrastructure project that will further enhance the role of Greece as Southeast Europe’s international energy hub. DESFA ensures open access to the National Natural Gas System, steadily fostering the development of competition in the Greek energy market, with significant benefits for the country, the Greek economy and the final consumer." The CEO of Dioriga Gas, Ioannis Kioufis, stated: “We would like to thank DESFA for the cooperation so far. Today’s signing is very important as it signals the beginning of an important project from which the Greek consumers will benefit. Motor Oil as an energy group is committed in realizing works of strategic importance for the country’s energy transition. In this respect, DESFA’s long experience in handling and operating natural gas infrastructures is important for the successful completion of this emblematic project. We are looking forward in realizing together the next steps of the project.”

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