Dioriga FSRU
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
Dioriga FSRU, also known as Dioriga Gas FSRU, is a proposed LNG import terminal in Greece.
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| Dioriga FSRU | Gulf of Corinth, Greece[1][2] | 37.91092, 23.063539 (approximate) |
The map below shows the approximate location of the terminal:
Project Details
Table 2: Infrastructure details
| Name | Facility type | Status | Capacity | Total terminal capacity | Offshore | Associated infrastructure |
|---|---|---|---|---|---|---|
| Dioriga FSRU | import[3] | proposed[1][2] | 1.91 mtpa[3] | 1.91 mtpa | True | – |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| Dioriga FSRU | import[3] | US$327,000,000 (300,000,000 EUR)[4] | US$327,000,000 |
Financing
No financing data available.
Table 4: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| Dioriga FSRU | import[3] | proposed[1][2] | 2021[1][2] | 2022 (Pre-FID)[5] | – | –[6][6] | – |
Ownership
Table 5: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| Dioriga FSRU | import[3] | proposed[1][2] | Dioriga Gas [100%][2] | Motor Oil [100.0%] | – |
Background
In June 2021, Greek grid gas operator DESFA and Dioriga Gas signed an agreement for the FSRU project in the Gulf of Corinth, Greece.[7] Dioriga Gas aims to have the terminal operational in 2023.[8] The terminal is proposed to have storage capacity of 210,000 cubic meters, regasification capacity of 132,000 MWhs per day, and would cost a minimum of €300 million.[9] The final investment decision (FID) is expected towards the end of 2022.[10]
In May 2022, Motor Oil said that a memorandum of understanding had been signed with UAE's Abu Dhabi National Oil Co (Adnoc) "to explore potential opportunities of active collaboration in the upcoming FSRU terminal of Dioriga Gas," including the supply of LNG cargoes. The company did not provide additional information.[11]As of November 2022, the project's FID was expected in Q4 2022.[12]
In January 2023, Greece's Ministry of Development and Investment announced that the Interministerial Committee for Strategic Investments had approved the project.[12] Motor Oil has suggested that the project could be "hydrogen-ready."[12] Dioriga FSRU was listed in DESFA's 2024-2023 draft development plan, published in September 2024.[13]
In January 2025, the Dioriga FSRU was granted an installation approval for a period of five years from the Greek Ministry of Environment and Energy.[14] In February 2026, network operator DESFA excluded key connection works for the Dioriga Gas FSRU from its 2026–2035 development plan, citing the lack of timely fulfillment of specific contractual obligations.[15][16]
In May 2026, Swiss commodities trader Mercuria Energy and Motor Oil Hellas signed a memorandum of understanding to establish a framework for long-term co-operation on Dioriga FSRU.[17] Based on Dioriga Gas’ most recent update from May 2026, the project team was pursuing a sea license, alongside a third-party exemption from RAAEY, and engaging in negotiations with LNG market participants to join the existing project stakeholders. The FSRU Dioriga Gas will be anchored offshore southwest of Motor Oil’s refinery in Agioi Theodoroi near Corinth, located 65 kilometers west of Athens. The planned storage capacity of the unit is up to 210,000 cubic meters, with a regasification capacity of 132,000 MWhs/d and projected annual regasification throughput of around 2.5 bcm/year.[18]
Ownership
In July 2026, Motor Oil Hellas, through its subsidiary Dioriga Gas, has signed a framework agreement with the AKTOR Group under which AKTOR will acquire a 50% equity stake in the project, valued at approximately EUR 400 million and financed in part through AKTOR's own EUR 650 million capital increase. The deal, still subject to definitive documentation and regulatory approval, brings a strategic construction and infrastructure partner into one of Greece's most advanced LNG projects from a permitting standpoint, and is widely framed as part of the country's broader "post-2027" gas strategy following the EU's planned phase-out of Russian pipeline gas. Once finalized, ownership of Dioriga Gas would shift from Motor Oil Hellas holding the project outright to a 50/50 structure with AKTOR.[19][20]
The deal with Motor Oil is part of Aktor Group’s business plan to fortify its presence in the critical energy infrastructure sector, boosting the firm’s participation in projects that contribute to security of supply and diversification of energy sources in Greece and the wider region. The partners need to decide whether to buy an FSRU or lease an existing unit. According to Greek financial press reports, purchasing an FSRU could cost up to EUR 350 million, while leasing an existing unit could cost around USD 120,000 per day.[18]
Articles and Resources
Additional data
To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.
References
- ↑ 1.0 1.1 1.2 1.3 1.4 https://www.offshore-energy.biz/desfa-and-dioriga-gas-sign-deal-on-greek-fsru/.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.0 2.1 2.2 2.3 2.4 2.5 https://lngprime.com/europe/greeces-dioriga-gas-says-15-firms-interested-in-booking-fsru-capacity/39644/.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.0 3.1 3.2 3.3 3.4 https://lngprime.com/europe/desfa-dioriga-gas-ink-deal-for-greek-fsru/22830/.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.ekathimerini.com/economy/1176004/greece-turning-into-gas-hub/.
{{cite web}}: Missing or empty|title=(help) - ↑ https://lngprime.com/europe/greece-backs-motor-oils-fsru-project/72189/.
{{cite web}}: Missing or empty|title=(help) - ↑ 6.0 6.1 https://www.upstreamonline.com/lng/greece-lng-import-project-edges-closer-after-key-deal-signed/2-1-1027536.
{{cite web}}: Missing or empty|title=(help) - ↑ "Greece's Dioriga Gas says 15 firms interested in booking FSRU capacity". LNG Prime. 2022-01-21. Retrieved 2022-03-15.
- ↑ Amanda Battersby, Greece LNG import project edges closer after key deal signed, Upstream, Jun. 18, 2021
- ↑ Chryssa Liaggou, Greece turning into gas hub, ekathimerini, Jan. 23, 2022
- ↑ Harry Aposporis, Launch of works on Alexandroupolis LNG terminal in Greece, Balkan Green Energy News, May 3, 2022
- ↑ Greece’s Motor Oil eyes LNG supplies from Adnoc for Dioriga Gas FSRU, LNG Prime, May 11, 2022
- ↑ 12.0 12.1 12.2 LNG Prime Staff (2023-01-30). "Greece backs Motor Oil's FSRU project". LNG Prime. Retrieved 2023-02-01.
- ↑ https://www.desfa.gr/wp-content/uploads/2024/09/Draft-Development-Plan-2024-2033_04092024_pc_vf.pdf
- ↑ "European LNG Tracker". IEEFA. 2026-05. Retrieved 2026-07-24.
{{cite web}}: Check date values in:|date=(help)CS1 maint: url-status (link) - ↑ "Could Greece get another FSRU? News is coming from Dioriga Gas". ceenergynews.com. 2026-05-11. Retrieved 2026-07-24.
{{cite web}}: CS1 maint: url-status (link) - ↑ "DESFA Puts New Hurdle Before Motor Oil's Dioriga Gas FSRU - tovima.com". www.tovima.com. 2026-02-19. Retrieved 2026-07-24.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Framework established for Greek floating gas storage facility". www.bairdmaritime.com. 2026-05-25. Retrieved 2026-07-24.
{{cite web}}: CS1 maint: url-status (link) - ↑ 18.0 18.1 "New player eyes coming aboard Greece's FSRU project with Aktor-Motor Oil deal - Offshore Energy". www.offshore-energy.biz. 2026-07-13. Retrieved 2026-07-24.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Aktor to acquire 50% stake in Motor Oil's Dioriga Gas LNG project - Shipping Herald". www.shippingherald.com. 2026-07-13. Retrieved 2026-07-24.
{{cite web}}: CS1 maint: url-status (link) - ↑ "AKTOR Joins Motor Oil in Dioriga Gas FSRU Project - tovima.com". www.tovima.com. 2026-07-10. Retrieved 2026-07-24.
{{cite web}}: CS1 maint: url-status (link)
