The energy market is on alert after Gazprom cut off supplies

Institutions and companies in its area are on alert energyafter the information that from today until June 27 the gas flows from the Russian Gazprom to Greece.

Information from the energy market states that the outage is not sudden but there was prior information and time to ensure the supply of liquefied natural gas to the country from the facilities of Revythousa.

However, given that Gazprom has recently reduced its flow or interruption of supply to European countriesafter the invasion of Ukraine, raises reasonable concern. It is well known, after all, that the scenarios that have been put on the table since the beginning of the crisis include the possibility of a complete cessation of the flow of Russian gas.

According to the information from competent sources, the weekly interruption that starts today (Tuesday 22/6), is due to the annual scheduled maintenance of Turk Stream and is not expected to affect the security of supply of the country. The same sources state that the supply of the country will continue through the rest of the pipeline gas contracts (mainly through the TAP pipeline) and with liquefied natural gas from Revythousa where care has been taken to have high reserves.

Beyond these are the country’s defense lines that can replace electricity generation from natural gasinclude the maximization of the participation of PPC lignite units but also the use of diesel oil instead of natural gas in the power plants, power 1.7 gigawatts that can be operated with alternative fuel.

Besides, next month the new floating liquefied natural gas is expected in Revythousa, which increases the storage capacity of the station, to more than 380,000 cubic meters (from the current 225,000). The addition of the tank also increases the flexibility of the LNG supply chain.