The European Commission has approved earlier this week the acquisition of joint control of Gastrade, the Greek company developing the floating liquefied natural gas (LNG) terminal off the city of Alexandroupolis, by Greek-based companies Hellenic Gas Transmission System Operator (DESFA) and DEPA Commercial, private individual Asimina‐Eleni Copelouzou, Cyprus' GasLog, and Bulgarian gas transmission system operator Bulgartransgaz.
The proposed acquisition would raise no competition concerns, given the presence of competing gas import infrastructures and the Greek regulations in place, including those concerning the tariffs to be charged by LNG terminals and those laying down access obligations to LNG terminals and to DESFA's transmission system, the Commission said in a statement.
