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Wednesday, February 8, 2023
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Energy sufficiency for the country and no Russian gas with strategic LNG supply agreement – All the information

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The agreement with TotalEnergies comes to “seal” the energy sufficiency of Greece, making it one of the most energy secure countries for the coming winter

The agreement signed with the French TotalEnergies puts a definitive end to the scenarios for the country’s energy supply in the event of an interruption in the flow of natural gas from Russia.

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In a period of intense ferment at the European level, with Brussels looking for at least a medium-term solution to cover the energy needs of the member states, the agreement with TotalEnergies comes to “seal” the energy sufficiency of Greece, making it one of the most energy secure countries for the coming winter.

The specific agreement signed by DEPA Emporias, which concerns the supply of LNG corresponding to 10TWh for five months until March 2023, serves two central objectives of the government strategy: on the one hand, securing the country’s energy supply in view of a difficult winter and on the other hand, the gradual dependence on Russian natural gas.

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The agreement with the French energy giant is the latest in a series of moves that the government, through the Ministry of the Environment and Energy and the DEPA Trade, has taken since the beginning of the energy crisis, in order to shield the country with energy even in the face of the possibility of an interruption of natural gas supply from Russia.

First of all, the country has already concluded agreements and is constantly making contacts, expanding the list of its suppliers and diversifying the sources and routes of natural gas supply. Already in the first half of 2022, Greece’s dependence on Russian natural gas has decreased significantly, with its share of natural gas imports standing at 34% compared to 45% in the same period last year.

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