GasLog sounded an optimistic note on its first floating storage and regasification unit project off of Greece.

The Paul Wogan-led company said it completed the front-end engineering and design study for the Alexandroupolis project. Alongside that milestone, chief financial officer Alastair Maxwell says the company is seeing encouraging financing and offtake discussions.

He cited Greek utility DEPA's intention to take an equity stake in the project's sponsor Gastrade as one reason for the optimism.