SEGAS LNG Project Overview and Timeline

The SEGAS LNG Project is a significant undertaking that aims to bring liquefied natural gas (LNG) to the Greek market.

The project is led by SEGAS, a Greek company, and is expected to be completed by 2025.

SEGAS LNG will be supplied by the Alexandroupoli LNG terminal, which is currently under construction.

This terminal will have a capacity to receive and regasify LNG from international markets, providing a reliable and efficient supply of natural gas to Greece.

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SEGAS LNG has an operating facility, T1, which is an export facility that started operating in 2005.

The project timeline for T1 shows that it began operating in 2005, with no inactive year mentioned.

T2, another export facility, was shelved in 2009 after being shelved in 2009.

Here's a breakdown of the project timeline for T1 and T2:

Project Timeline is a crucial aspect of any project, and it's essential to understand the different stages involved. The table below breaks down the project timeline for the facilities mentioned.

The project timeline shows that facility T1 started operating in 2005, while facility T2 was shelved in 2009, after being proposed in 2005 and having a pre-FID in 2008. T1's operating year is 2005, indicating it was already up and running by then.

The project's infrastructure details reveal a complex network of facilities and capacities.

The facility type is categorized into export, with T1 and T2 being the primary examples.

T1 is an operating export facility with a capacity of 5 million tonnes per year (mtpa).

T2, on the other hand, is a shelved export facility with the same capacity of 5 mtpa.

The total terminal capacity for both T1 and T2 is 10.0 mtpa.

There are no offshore facilities associated with these terminals, as indicated by the "False" status.

Here's a summary of the infrastructure details in a table format:

Project T1 has secured a significant loan of US$300 million from the European Investment Bank to support its export facility.

This substantial financing will undoubtedly play a crucial role in the project's success.

The financing for Project T2, however, is not specified in the available information.

We can see from the data that T1 has a clear and substantial financing plan in place, whereas T2's financing details are unknown.

Additional reading: T2 Corporation Income Tax Return

The LNG complex is operated by SEGAS, a company controlled by Unión Fenosa Gas.

SEGAS is owned by Unión Fenosa Gas, which has a significant 80% stake in the company.

Minor shareholders include the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Corporation (EGPC), each with a 10% stake.

Here's a breakdown of the ownership structure:

The SEGAS LNG plant gets its gas supply from the Egyptian Natural Gas Holding Company (EGAS), which is sourced from the West Delta Deep Marine (WDDM) Concession Area about 140 kilometres away.

EGAS is responsible for supplying the plant with natural gas.

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The SEGAS LNG Plant has had its fair share of challenges. In mid-2013, the plant was shut down due to a lack of natural gas.

The gas supply was diverted to satisfy domestic gas demand in Egypt, leaving the plant idle. This was a significant setback for the plant's operations.

However, the situation improved in February 2021, when gas supply was restored after the startup of the Zohr gas field and the commencement of gas imports to Egypt from Israel via pipeline.

The SEGAS LNG Plant had a significant setback in 2013 when it was shut down due to a lack of natural gas.

The plant's gas supply was diverted to meet domestic gas demand in Egypt, leaving the plant idle.

The plant remained closed for nearly eight years, until February 2021 when gas supply was finally restored.

The restart of the plant was made possible by the startup of the Zohr gas field and the commencement of gas imports to Egypt from Israel via pipeline.

The SEGAS LNG Plant is located in the port of Revithoussa, in the region of Central Greece. It's situated on the coast of the Aegean Sea.

The plant is adjacent to the existing Revithoussa oil terminal, which is a significant transportation hub for the country. The terminal's proximity to the LNG plant makes it an ideal location for the importation of liquefied natural gas.

The port of Revithoussa offers a deep-water berth, allowing for the safe and efficient unloading of LNG from large vessels. This is crucial for the plant's operations, as it enables the transportation of large quantities of LNG.

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Egypt's LNG Startup is a significant milestone in the country's energy sector.

The SEGAS LNG project is being developed in the port city of Damietta, and it will have a production capacity of 1.7 million tons per year.

The project is expected to be operational by 2023, and it will be a major contributor to Egypt's growing energy needs.

The SEGAS LNG project is a joint venture between the Egyptian government and the Italian energy company ENI.

Egypt's LNG startup is a crucial step in reducing the country's reliance on imported energy and increasing its energy self-sufficiency.