Greece: Reduction in natural gas consumption, increase in exports

Greece: Reduction in natural gas consumption, increase in exports
Greece: Reduction in natural gas consumption, increase in exports

The consumption of natural gas in Greece showed a 40% decrease in September compared to last year, during which time Greek energy exports to Italy and the Balkans increased, the Greek Minister of Environment and Energy said.

Speaking in the context of the cabinet of the International Natural Gas Conference, Kostas Skrekas presented the Greek government’s strategy for ensuring sufficient supply in view of the winter, but also the substantial assistance provided by Greece to the states of the region by supporting their energy supply .

Mr. Skrekas mentioned:

  • In the reduction of domestic natural gas consumption in September by 40%, compared to last year.
  • In natural gas exports that are approaching 2 billion cubic meters this year 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 in 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 characteristically 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, Kostas Skrekas emphasized the importance of regional cooperation in the field of energy: “The Russian threats to energy have not undermined 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 article is in Greek


Tags: Greece Reduction natural gas consumption increase exports

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