May 25, 2026 [PRNewswire]- Mercuria Energy (“Mercuria”) and Motor Oil Hellas (“MOH”) today signed a Memorandum of Understanding (“MOU”) establishing a framework for long-term cooperation in connection with the Dioriga Gas Floating Storage and Regasification Unit (“FSRU”) project in Greece’s Saronic Gulf.

The Dioriga Gas FSRU, being developed by MOH through its subsidiary Dioriga Gas, stands as the most advanced and mature FSRU project in Greece. Strategically located in the Saronic Gulf, it represents the optimal solution for LNG imports into Greece and the wider Southeast European region. The project will play a pivotal role in diversifying gas supply sources, enhancing regional energy security, and strengthening Greece’s position as a key LNG gateway for Europe.

Under the MOU, the parties have worked on step-by-step cooperation regarding regasification capacity reservation at the terminal, the long-term supply of LNG by Mercuria to MOH for delivery through the Dioriga Gas FSRU, and the joint development of the framework required to bring the project to commercial operation.

This cooperation reflects a shared commitment to support energy security in Europe and to invest in the infrastructure that underpins a reliable and diversified gas supply. Both parties look forward to working together to advance this important addition to the region’s LNG import capacity.