A partnership between Motor Oil and Mercuria Energy is expected to accelerate progress toward the final investment decision (FID) for the planned Dioryga Gas floating LNG terminal in Greece. The companies have signed a Memorandum of Understanding outlining long-term cooperation related to the project.
The MoU covers development and future commercial operation of the floating storage and regasification unit (FSRU). The unit is planned for the Saronic Gulf near Athens, according to the agreement.
The memorandum establishes a basis for commercial elements required to move the project forward. These include LNG supply arrangements, regasification capacity bookings, and an operational framework for future activities .
Commercial framework for Dioryga Gas FSRU
Observers cited Mercuria’s participation as a step that strengthens the project’s commercial structure. They also said it improves prospects for securing long-term market commitments needed before reaching FID .
The Dioryga Gas terminal is described as one of Greece’s most important upcoming LNG infrastructure projects. It is positioned alongside the Alexandroupoli FSRU in plans for additional LNG regasification capacity.
The terminal is expected to support gas supply security at both national and regional levels. The project’s role is linked to enhancing access to LNG in the wider energy system.
Connection to gas transmission network and financing outlook
For Motor Oil, the partnership brings in an international trading player with experience in LNG markets and global energy commodities. The cooperation is also expected to affect financing conditions by improving the project’s long-term utilization outlook.
The same cooperation is described as reducing commercial risk for potential investors. The planned terminal will be connected to Greece’s national gas transmission network.
Through that connection, the facility is intended to supply key demand centers. It also aligns with Motor Oil’s broader strategy covering expansion in LNG infrastructure, power generation, and integrated energy operations.
LNG diversification context in Europe and Southeast Europe
The project is progressing as Europe seeks to diversify gas supply routes. In parallel, Southeast Europe is increasingly described as an entry point for LNG flows into the wider regional energy system .
This regional context forms part of the environment in which Dioryga Gas is being developed toward FID. The MoU framework supports steps including LNG supply arrangements and regasification capacity bookings required for commercial planning.
