Motor Oil Hellas nears investment decision for Dioryga Gas FSRU

Motor Oil Hellas is approaching a Final Investment Decision (FID) for its Dioryga Gas floating storage and regasification unit (FSRU) project located in Agios Theodoros. The project is expected to gain momentum following a new partnership with the AKTOR group, which was formalized through a framework agreement on July 9.

Nikos Satras, head of natural gas activities at Motor Oil, indicated that the terminal could be ready by early 2029, noting that an operational date before October 2027 is not feasible. The project is considered strategically vital for the European Union as it seeks to decouple from Russian natural gas, positioning Greece as an energy gateway for Southeast Europe.

While the project has faced previous delays due to shifting European energy policy priorities, the current market demand for LNG infrastructure to replace Russian supplies has made its implementation a priority.