A GasLog-backed project to build a floating LNG import terminal in Greece formally welcomed a new partner this week and prepares to win another before it starts commercial operations in 2023.

Bulgarian state company Bulgartransgaz took a 20% stake in the Gastrade venture, joining GasLog, Greek natural gas company DEPA and Greek businesswoman Elmina Copelouzou.

Sources close to the venture told TradeWinds that talks are at an advanced stage to find a fifth partner.