6 companies have been shortlisted by PPC for LNG supply across South-Eastern Europe and Mediterranean

Public Power Corporation (one of the largest power-generation companies across South-Eastern Europe and Mediterranean region) has announced the shortlist of qualified LNG suppliers for 3.0 billion normal gas.

The list of qualified participants to enter into negotiations towards concluding an MSA and start of LNG deliveries includes the world largest LNG and NG suppliers from Europe, USA, Asia and Middle East

BP GAS MARKETING LIMITED (BPGM) (bpgas)

CHENIERE MARKETING INTERNATIONAL LLP (cheniere)

POWERGLOBE QATAR (powerglobe)

SHELL INTERNATIONAL TRADING MIDDLE EAST LTD (SITME) (sitme)

TRAFIGURA PTE LTD (trafigurapte)

VITOL S.A. (vitol)

Kindly notice that PPC is one of the largest producers of electricity in South-Eastern Europe with existing power generation of 16,000 MW in operation. The main power utility PPC has submitted an application to RAE, the Regulatory Authority for Energy, for a 20-year natural gas supply license, a move seen as a response to gas supply licenses already secured by all the country’s independent electricity suppliers preparing to offer combined power-and-gas packages. This is the latest move by PPC in its effort to diversify its overall market offering. Just days ago, the power utility signed an agreement with Forthnet for an exclusive electricity and telecommunications arrangement. In addition, PPC last week completed a tender concerning a strategic partnership for LNG supply from the Revythoussa terminal. PPC had called upon investors to express interest for a three-year Master Sale Agreement. PPC is the country’s biggest LNG consumer. It expects to need at least 0.3 bcm in 2018. The amounts required for 2019 and 2020, to be determined by the corporation’s business plan, are not expected to be less than 300 million cubic meters. PPC has also staged another tender is search of a consultant to be tasked with preparing a business plan entailing its activities in the natural gas market.

Sources: LNG WORLD, PG, QGN, EU ENERGY NEWS, CCB, Reuters.