Gastrade, a GasLog-backed project to build a floating LNG import terminal in Greece, has won ironclad approval from its shareholders to go ahead.

Peter Livanos-led Gaslog and four non-shipping entities participating in the project signed a final investment decision (FID) on Thursday, Gastrade said in an announcement on Friday.

“The FID is the last and most important milestone before entering the project’s construction phase,” the statement said.