Motor Oil’s long-delayed Dioryga Gas LNG project is back in play after a
Motor Oil’s long-delayed Dioryga Gas LNG project is back in play after a breakthrough with Greece’s gas grid operator. Τhe standoff between Motor Oil and the Hellenic Gas Transmission System Operator (DESFA) is now said to be resolved, paving the way for the project to be re-included among the infrastructure deemed necessary for the development of Greece’s National Natural Gas System.
The agreement marks a significant turnaround for the €400 million floating storage and regasification unit (FSRU), which had previously been excluded from DESFA’s planning framework.
Policy Shift Drives Reversal
Both the Greek government and DESFA are understood to have reassessed their stance on the project following two major developments reshaping Europe’s energy landscape.
The first is the European Union’s planned ban on Russian natural gas imports from 2027. As Europe seeks to diversify supply sources, the Dioryga Gas FSRU is seen as a potential new entry point for LNG into the region. At the same time, the Vertical Corridor initiative, which has been strongly backed by both Greece and the United States, is expected to support increased gas flows from Greece toward Southeast and Central Europe. The project could also help secure revenue streams for the planned infrastructure.
The
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