Greece seeks alternatives to Russian gas in case of supply disruption
The Greek government is considering the Trans-Adriatic Gas Pipeline (TAP) and Liquefied Natural Gas (LNG) to bridge the energy supply gap in case Russia decides to cut or completely cut off gas supplies to Europe , Prime Minister Kyriakos Mitsotakis said after a meeting on Thursday (July 14).
Mr. Mitsotakis was informed by the Ministry of Environment and Energy of the different possible scenarios in the event of a reduction or total interruption of the supply of Russian gas.
All data related to production, import, export and storage were presented during the meeting. Government sources pointed out that Greece was in a more favorable position than other EU countries.
They explained that in such a volatile environment, no reliable forecast can be made regarding pure energy, let alone its impact on the economy.
However, among the scenarios considered since the beginning of the crisis is the possibility of a complete interruption of Russian gas supplies.
In this case, the country’s supply would be reinforced by the remaining gas contracts. These relate mainly to the TAP pipeline and LNG from the Revithoussa terminal, where care has been taken to ensure that reserves are high.
The floating storage and regasification unit (FSRU) of liquefied natural gas in Alexandroupoli is not expected to be operational until mid-2023, which means that it will not be able to boost the energy supply of Greece and the countries Balkan neighbors in the short term.
The energy supply recovery plan also includes the reopening of the lignite power plants of the public electricity company (PPC) of Greece and the use of diesel instead of natural gas in the 1.7 GW of power plants. capable of running on alternative fuel.
A new floating LNG tank has also been installed at Revithoussa, bringing the plant’s storage capacity to more than 380,000 cubic meters, compared to 225,000 currently. This new tank also increases the flexibility of the LNG supply chain.
Under the European Plan for covering gas needs, Greece is also required to cover the needs of Bulgaria and Romania through exports if necessary.
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