Greece builds new LNG terminal to boost Europe's energy independence - China.org.cn

Greece on Tuesday started construction of its first liquefied natural gas (LNG) floating storage and regasification unit (FSRU) terminal in the northern city of Alexandroupolis.

The project, which is expected to be completed and operational by early 2024, was hailed by European Union (EU) officials as a significant step in strengthening Europe's energy security and independence.

"This project that we inaugurate today sends a clear signal: we are taking our destiny into our own hands," European Council President Charles Michel said, addressing the event that was carried live by Greek national broadcaster ERT.

The new terminal is a geopolitical investment that will help Europe diversify its gas imports and phase out dependence on Russian fossil fuels in the wake of the Ukraine-Russia crisis, he said.