Skrekas: Greece reduced its natural gas consumption by 40% in September

Skrekas: Greece reduced its natural gas consumption by 40% in September
Skrekas: Greece reduced its natural gas consumption by 40% in September

The domestic consumption of natural gas in September shows a 40% decrease compared to last year, during which time Greek energy exports to Italy and the Balkans increased.

This was pointed out by the Minister of Environment and Energy, Kostas Skrekas, speaking yesterday in Bucharest, at the Ministerial Council of the International Natural Gas Conference, where he presented the government’s strategy for ensuring sufficient supply, in view of the winter, as well as the substantial assistance provided by our country to the states of the region by supporting their energy supply.

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In particular, the minister mentioned:

  • In the reduction of domestic natural gas consumption in September by 40%, compared to last year.
  • In natural gas exports that this year are approaching 2 billion cubic meters compared to 0.7 last year. Greece has exported more than 18 TWh of natural gas to Bulgaria and 2 TWh to Italy
  • In the record import of liquefied natural gas (LNG) cargoes arriving at Revythoussa, as the number of ships that docked at the terminal has almost doubled. Already since June, LNG regasification capacity has increased by 12%.
  • At the start of the commercial operation of the Greek-Bulgarian pipeline on October 1st.
  • In the contribution of the TAP pipeline which so far covers almost 20% of the domestic consumption.

As the Minister of Environment and Energy noted:

“Greece has always been a pillar of stability, energy security and diversification in the wider region. We have completed important energy infrastructure projects while at the same time, we are proceeding with the implementation of critical infrastructures that will further strengthen the energy competitiveness of our country. The IGB pipeline is ready to operate while the FSRU at Alexandroupolis will be completed by the end of 2023. Combined with the new stations at Corinth and Alexandroupolis, which is already under construction, LNG capacity in Greece can exceed 20 bcm in in the next 3 years”.

Also, Mr. Skrekas referred to the national energy strategy for accelerating the green transition, pointing out that Renewable Energy Sources now represent 40% of the country’s energy mix and are expected to reach 60% in the next 3 years, while RES production will approaching the record level of 20 TWh this year.

Finally, the Minister of Environment and Energy emphasized the importance of regional cooperation in the field of energy: “The Russian threats, using energy as a weapon, did not undermine our determination, unity and spirit of solidarity. At this defining moment for the whole of Europe, I am convinced that we will continue to work together, with strong synergies and a decisive regional footprint, to shape a resilient and sustainable future for our states, with affordable prices for consumers.”

The Council was also attended by the Minister of Energy of Azerbaijan, Parviz Shahbazov, the Deputy Prime Minister and Minister of Infrastructure and Regional Development of Moldova, Andrei Spînu, the Minister of Energy of Bulgaria, Rossen Hristov, the Minister of Energy of Romania, Virgil-Daniel Popescu, the Deputy Minister of Energy of Ukraine, Mykola Kolisnyk, the Deputy Minister for Civil Security at the Ministry of Foreign Affairs and Trade of Hungary, Péter Sztáray and the Minister of Energy and Natural Resources of Turkey, Fatih Dönmez.

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