The following statement was issued by the Press Office of the Ministry of National Economy and Finance:
The issuance by the EC of the Implementing Decision approving the Union’s financial contribution to the implementation of the ‘Alexandroupolis Independent Natural Gas System’ (INGS) Project, in the context of the EPAnEK Operational Programme 2014- 2020, is being announced by Alternate Minister of National Economy and Finance, Nikos Papathanasis.
The total eligible cost via NSRF for the completion of the project is €202,265,539.
More specifically, the European Commission, having first examined the data provided by the Managing Authority of the ‘Competitiveness’ Programme, concluded that the European financial contribution for the project selected by the Special Service was fully justified.
The EU Decision marks the recognition of the project’s importance both for strengthening Greece’s role and prospects as a hub for energy transport in the wider region, and as a source for the country’s energy supply with natural gas.
The Alexandroupolis LNG Terminal is expected to become operational on 1 October 2024.
Press Release from the Ministry of National Economy and Finance
