Middle East

Greece can address Russia’s potential gas destruction thanks to LNG

July 4, 2022

Illustrations only-FSRU-Credits: Karel / Adob ​​eStock

With the availability of liquefied natural gas (LNG) as an alternative, Greece can successfully address potential cuts in Russia’s gas supply, the Energy Minister said on energy security with energy suppliers and grid operators. Said on Monday after the meeting on.

Last year, the country relied on Russian gas for 40% of its needs via the TurkStream pipeline. About 70% of imported gas is used for power generation.

Russia’s gas flow through Ukraine and the Nord Stream 1 pipeline diminish this year after Russia invades Ukraine in February and Europe moves to impose sanctions on Moscow, raising concerns about further turmoil in winter It has been.

“Greece has the capacity to survive Russia’s supply cuts,” said Costas Skrekas.

Compared to other landlocked European countries, Greece is safer thanks to the import of liquefied gas, he said. Most of the LNG supply comes from the United States, surpassing Russia’s pipeline gas supply in the first quarter of this year.

Storage and regasification terminals off Athens will see their capacity increase with the arrival of new storage vessels, but gas utility DEPA and other Greek gas buyers line up additional LNG cargo as needed. Skrekas said.

Athens has already allowed Bulgaria to use Greece’s offshore LNG terminal and gas grid to cover part of its gas demand after Russia cut off supply to the country due to Russia’s refusal to pay for gas in the ruble. I am.

Whether Greece can store gas in Italy because it has no gas storage facility and may need to store enough gas in other states to cover 15% of its annual usage in the coming winter. I am considering.Read the full text

Five gas-fired power plants are waiting to switch to diesel during the winter, according to Skrekas.

(Reuters-Report by Angeliki Koutantou; Edited by Jan Harvey)

https://www.oedigital.com/news/497827-greece-can-cope-with-possible-russian-gas-disruptions-thanks-to-lng-minister Greece can address Russia’s potential gas destruction thanks to LNG

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