Gastrade S.A.

Gastrade S.A. is a Greek energy infrastructure company founded in 2010 with the mission to design, develop and operate modern natural gas infrastructure. It describes itself as the first company in Greece to obtain an Independent Natural Gas System License, reflecting a leading role in the transformation of the national energy sector and a long-term commitment to strengthening energy security and market development. The company is headquartered in Greece and its activities are focused on the Greek market and the wider Southeast and Central European region. Gastrade's flagship undertaking is the Alexandroupolis Independent Natural Gas System (INGS), which it has been operating since October 2024. The project is based on state-of-the-art floating storage and regasification (FSRU) technology and is presented by the company as one of the most significant energy infrastructure projects in Southeast Europe. It establishes a new energy gateway for the region, providing access to diversified and reliable energy supply sources and routes while strengthening energy security and affordability across Southeast and Central Europe. At a time when floating LNG infrastructure was still an emerging concept globally, Gastrade initiated the development of the Alexandroupolis Terminal, helping shape the regulatory and operational framework that contributed to the broader development of FSRU infrastructure across Europe in the years that followed. The company positions its infrastructure as delivering tangible regional benefits: energy security through access to diversified and reliable supply origins and reduced systemic dependency risks; economic growth by driving the development of a regional energy trading hub in Southeast Europe and enhancing competition among natural gas suppliers; regional cooperation by supporting uninterrupted northbound energy flows through the Vertical Gas Corridor and connecting more than seven neighboring energy markets; and energy transition by advancing Europe's objectives for a more flexible and resilient energy mix. Gastrade is also a key participant in the European Vertical Gas Corridor initiative. Commercially, Gastrade offers terminal access and capacity allocation at the Alexandroupolis INGS. Interested parties express their interest to the Commercial Team, complete a Know-Your-Client (KYC) process, and then sign either a Terminal Use Agreement (TUA) for long-term capacity or a Spot Cargo Agreement (SCA) for spot cargoes, together with any applicable supplementary agreements and financial securities. Registered Terminal Users gain access to the TUTPS platform to manage nominations, scheduling and capacity transactions. The Alexandroupolis INGS strictly complies with Greek and European legislation and operates under a regulatory exemption framework approved by the Regulatory Authority for Energy, Waste and Water (RAAEY); the Terminal Access Code (TAC) and the Tariff Code define access conditions, user rights and obligations, and the approved tariff methodology, all subject to RAAEY approval. Beyond the Alexandroupolis terminal, Gastrade says it is advancing the development of additional energy infrastructure that will further strengthen system capacity, flexibility and regional resilience. The company also emphasizes environmental stewardship — protecting the marine environment through responsible operations and continuous monitoring, clean discharge management, and protection of biodiversity and ecosystems — and social responsibility, citing local employment and community development, including more than 500 jobs created and local partnerships.

Gastrade S.A. was founded in 2010 with a clear mission to design, develop and operate modern natural gas infrastructure, guided by safety, reliability and respect for the environment and society. According to the company, it was the first company in Greece to obtain an Independent Natural Gas System License, reflecting its leading role in the transformation of the national energy sector and its long-term commitment to strengthening energy security and market development. At a time when floating LNG infrastructure was still an emerging concept globally, Gastrade initiated the development of the Alexandroupolis Terminal, helping shape the regulatory and operational framework that contributed to the broader development of FSRU infrastructure across Europe in the years that followed. The company describes this early work as part of its contribution to the wider adoption of floating storage and regasification technology in Europe. A key regulatory milestone came in February 2022, when the Terminal Access Code was approved, establishing the conditions for access to the Alexandroupolis terminal, the rights and obligations of Terminal Users, and the approved tariff methodology. These documents, together with the Tariff Code and any amendments, are subject to approval by the Regulatory Authority for Energy, Waste and Water (RAAEY), under a regulatory exemption framework. Since October 2024, Gastrade has been operating the Alexandroupolis Independent Natural Gas System, described as one of the most significant energy infrastructure projects in Southeast Europe. The project establishes a new energy gateway for the region, providing access to diversified and reliable energy supply sources and routes while strengthening energy security and affordability across Southeast and Central Europe. The terminal uses state-of-the-art floating storage and regasification technology designed to meet high safety and environmental standards. In parallel, Gastrade says it is advancing the development of additional energy infrastructure that will further strengthen system capacity, flexibility and regional resilience. The company is also a key participant in the European Vertical Gas Corridor initiative, supporting uninterrupted northbound energy flows and reinforcing European energy solidarity, connecting more than seven neighboring energy markets. Its strategic focus remains on supply security, diversification of energy sources and regional interconnectivity, contributing to a more resilient and sustainable energy landscape for Greece and Southeast Europe.

• 2024

  Gastrade begins operating the Alexandroupolis Independent Natural Gas System in October 2024.

• 2022

  Terminal Access Code approved in February 2022, defining access conditions, user rights and obligations, and tariff methodology for the Alexandroupolis terminal.

• 2010

  Gastrade S.A. founded with the mission to design, develop and operate modern natural gas infrastructure.

Developer and operator of modern natural gas infrastructure focused on supply security, diversification of energy sources and regional interconnectivity in Southeast and Central Europe.

• Alexandroupolis Independent Natural Gas System (INGS)

  FSRU-based LNG terminal operated by Gastrade since October 2024, providing a new energy gateway for Southeast and Central Europe.

• Terminal Use Agreement (TUA)

  Agreement for reserving long-term capacity at the Alexandroupolis LNG Terminal.

• Spot Cargo Agreement (SCA)

  Agreement for reserving capacity for a spot cargo at the terminal.

• TUTPS platform

  Platform for registered Terminal Users to manage nominations, scheduling and capacity transactions.

• 2020.08.25

  Reported2020.08.25

  Bulgartransgaz agrees to acquire a 20% stake in Gastrade[4]Bulgartransgaz同意收购Gastrade 20%股权business-review.eu

  Gastrade announced that Bulgartransgaz signed an agreement to acquire 20% of its share capital. The agreement is subject to approval by the competent authorities.

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1. 1Gastradegastrade.gr
2. 2About Us – Gastradegastrade.gr
3. 3Services – Gastradegastrade.gr
4. 4Bulgartransgaz同意收购Gastrade 20%股权business-review.eu