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Tue, Oct

AKTOR Joins Motor Oil in Dioriga Gas FSRU Project

AKTOR Joins Motor Oil in Dioriga Gas FSRU Project

Hellenic Shipping News

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KTOR is set to acquire a 50% stake in Motor Oil’s planned Dioriga Gas floating LNG terminal, according to market sources, bringing a new partner into a €400 million project that has emerged as a key part of Greece’s post-2027 gas strategy.

The agreement in principle gives the group led by Alexandros Exarchou an equal stake in the floating storage and regasification unit (FSRU), which is planned offshore from Motor Oil’s refinery complex in Agioi Theodoroi, west of Athens.

The investment comes after months of uncertainty surrounding the project and follows a broader reassessment by policymakers and market participants of Europe’s future gas needs after the European Union decided to phase out Russian gas imports from 2027.

A Mature Project Awaiting FID

Dioriga Gas is regarded as one of Greece’s most advanced LNG projects from a permitting and licensing perspective and is effectively ready for a final investment decision.

Once operational, the terminal is expected to add between 21 and 24 terawatt-hours of LNG imports annually — equivalent to roughly 30% of

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