Wood Group has secured a new front end engineering design (FEED) contract with Gastrade S.A. for the Alexandroupolis Independent Natural Gas System (INGS) offshore Greece.

The project, to develop a floating liquefied natural gas (LNG) receiving, storage and regasification unit (FSRU), 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 FSRU and its subsystems which will support the final investment decision for the project, planned for late 2017.

Bob MacDonald, CEO of Wood Group’s Specialist Technical Solutions business, comments: “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.

“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.”

About Wood Group

Wood Group is an international energy services company with around US$5bn sales and operating in more than 40 countries. The Group designs, modifies, constructs and operates industrial facilities mainly for the oil & gas sector, right across the asset life cycle. We enhance this with a wide range of specialist technical solutions including our world leading subsea, automation and integrity solutions. Our real differentiator is our range of services, the quality of our delivery, the passion of our people, our culture and values. We are extending the scale and scope of our core services into adjacent industries.

About Gastrade

GASTRADE S.A. is a utility company which develops, exploits, operates and manages natural gas systems in a safe, reliable and financially sound manner.
GASTRADE S.A. studies, designs, develops, operates and exploits infrastructures which are necessary for the reception, transmission and distribution of natural gas as well as for its storage, liquefaction and re-gasification.
GASTRADE S.A. is the first enterprise operating in Greece that has received a license for an Independent Natural Gas System from the Ministry of Environment, Energy and Climate Change on 19-8-2011 (ΑΔΑ: 4ΑΜΦ0-2ΣΠ) in line with the positive opinion of the Greek National Regulatory Authority (NRA) for Energy (decision 29/2011 of 25-7-2011).
GASTRADE S.A. has been established and operates in the context with the Energy law 4001/2011.