As CNBC notes, Revythoussa is the small island – a hero that contributes to tackling the energy crisis, but does not receive the credit it deserves
A report from CNBC International investigates the “small Greek Saronic island that is helping Europe deal with the energy crisis”.
As CNBC notes, Revythoussa is the small island – a hero that contributes to tackling the energy crisis, but does not receive the credit it deserves.
“LNG imports will be vital for Europe to meet its heating and electricity needs both this winter and next. It can be used both for power generation, as well as in the industrial sector for fertilizers and in the petrochemical industry.”
CNBC’s Julianna Tatelbaum spoke with Environment and Energy Minister Kostas Skrekas who referred to the great effort that Europe is making to end its dependence on Russian natural gas while stressing that Greece is transforming into the main entry point for LNG imports in the Southeast Europe.
In fact, when asked if he is concerned that the emphasis on LNG may slow down the transition to Renewable Energy Sources, Mr. Skrekas emphasized that the facilities currently used for the processing of Liquefied Natural Gas will be able to be used in the future as well, probably as infrastructure hydrogen.
The CNBC International reporter spoke with Aristotelis Nastos, director of the Revythoussa liquefied natural gas facility, which contributes to meeting the needs not only of Greece, but also of Bulgaria and other European countries. In fact, recently an additional 70% storage capacity has been added to the existing facility. As Mr. Nastos explained, while the terminal used to receive four to five containers per month, today, with the energy crisis, the terminal receives ten containers per month. This implies that the regasification rates in the terminal have doubled and more specifically from 500 – 800 cubic meters per hour they have increased to 1400 cubic meters per hour.
The largest LNG exporters are Australia, Qatar and the United States. Since the Russian invasion of Ukraine, the US has doubled its LNG exports to Europe. Before Russia’s invasion of Ukraine, Europe was heavily dependent on Russia. After the war Europe was called upon to make quick decisions to end its dependence on Russian natural gas and switch to LNG.
Finally, as part of the interview, CNBC journalist Julianna Tatelbaum also spoke with Maria Rita Gali, CEO of DESFA, who expressed her satisfaction with the fact that the capacity of natural gas warehouses in Europe has exceeded 90%, while he stressed that the difficulty will be greater in the summer when the natural gas that will have been used during the winter will have to be replaced.
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