Wood Group has secured a new front end engineering design (FEED) contract with Gastrade S.A. for the Alexandroupolis Independent Natural Gas System offshore Greece.
The project, which consists of developing a floating liquefied natural gas receiving, storage and regasification unit, will create a new natural gas gateway to the markets of south eastern and central Europe.
Wood Group’s subsea team will perform the design and engineering definition of the Alexandroupolis receiving, storage and regasification unit and its subsystems.
“This contract brings our global expertise and technical solutions to a new client and we look forward to working with Gastrade S.A. as the main engineering contractor for developing this FEED,” Bob MacDonald, CEO of Wood Group’s Specialist Technical Solutions business, said.“Our subsea capabilities combined with the engineering proficiency of our people and cost effective technical solutions, position us well to deliver this milestone European project.”
The final investment decision for the project is expected later this year.