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North Macedonia supported by Gastrade to

participate in Alexandroupolis LNG terminal

PROJECTS & NORTH Macedonia’s Prime Minister Zoran intends to reopen the Thessaloniki-Skopje oil
COMPANIES Zaev said on October 2 that Greek consor- pipeline, which was built in 2000, but has not
tium Gastrade is supporting the country to be been operational since the closure of the oil refin-
included in the construction of an LNG terminal ery Okta in 2013.
near Alexandroupolis in Greece. “The Greek company Hellenic Petroleum
Speaking after he met US Assistant Secretary is interested in putting this capacity back into
of State for Energy Resources Francis Fennon in operation and to upgrade it as [an] oil derivatives
Skopje, Zaev said that assurances had been given pipeline,” Zaev added.
during his visit to Athens two weeks ago. North Macedonia’s PM underlined that
Zaev underlined that the country is planning the country will accelerate and initiate several
several major energy projects that will be imple- important energy projects in the next period.
mented with US support. “As a country that has set its energy independ-
“The [Alexandroupolis] project will create an ence as a goal, the connection to the energy cor-
opportunity for permanent and stable supply of ridors through Bulgaria and Greece are of crucial
natural gas for our country, which, at the same and long-term interest,” Zaev said.
time, will become a hub for distribution of gas to Fennon said at the news conference that the
all interested countries in the region and wider,” inclusion of North Macedonia in these energy
Zaev said. projects makes the country an important
PM Zaev also noted that that the country regional partner.™

NEWS IN BRIEF

AMERICAS processes could reduce the CO2e emissions of Glenfarne’s Magnolia
its Rio Grande LNG facility by approximately
NextDecade targets carbon- 90%. While NextDecade advances its LNG receives FERC permit
work in this area, the Company is also
neutrality at Rio Grande LNG exploring options to address the remaining extension
(approximately 10%) CO2e emissions.
NextDecade today announced that the “Natural gas has a critical role to play in Glenfarne Group, an investor, developer,
company has developed proprietary processes the global energy transition to a low-carbon owner, and operator of energy and
using proven technology to reduce carbon economy, ensuring the security of energy infrastructure assets, announced today that
dioxide equivalent (CO2e) emissions at supplies and preserving high quality jobs in its recently acquired Magnolia LNG export
its proposed Rio Grande LNG facility by the United States and around the world,” said terminal development project located in Lake
approximately 90%. NextDecade is also Matt Schatzman, NextDecade’s chairman Charles, LA has received a five-year permit
exploring options to address the remaining and chief executive officer. “Our work to extension from the Federal Energy Regulatory
emissions to enable Rio Grande LNG to date confirms that reliable, competitively Commission (FERC). Per the extension,
achieve carbon-neutrality. priced LNG and responsible environmental Magnolia LNG will begin operations of the
Throughout the course of NextDecade’s stewardship are not mutually exclusive. terminal by April 15, 2026. At the same time,
pre-FID development activities, and A solution that promises both is indeed FERC also extended the permit for the Kinder
intensively in recent months, the company eminently feasible with the thoughtful use of Morgan pipeline that will supply feed gas to
has evaluated multiple technical solutions existing technologies and the application of Magnolia LNG.
to ascertain the commercial viability of our proprietary processes.” “At 8.8mn tonnes per annum from a four
dramatically reducing CO2e emissions at Rio NextDecade continues to work on train mid-scale design, we believe Magnolia
Grande LNG. remaining commercial agreements needed to LNG has the right size and scope to best
Based on these evaluations, NextDecade achieve a final investment decision in 2021, compete in the current and future LNG
has determined that carbon capture and enabled by flexible commercial offerings market and is well-positioned to meet global
storage (CCS) is the most feasible technical and leadership in environmental and social demand starting in the middle of this decade,”
solution for Rio Grande LNG. The company performance including targeting carbon- said Brendan Duval, Founder and Managing
believes that the addition of proven CCS neutrality at Rio Grande LNG. Partner of Glenfarne. “Our LNG customers
technology in conjunction with its proprietary NEXTDECADE, October 06, 2020 will transact with Magnolia LNG knowing

P20 www. NEWSBASE .com Week 40 09•October•2020