How will Greece secure its gas supply if flow from Russia is cut off?

Securing alternative sources of supply in the event of a flow disruption natural gas from Russia, which last year accounted for 45% of total imports into the country, is the country ‘s strategy to deal with a possible crisis.

According to a top official of the Ministry of Environment and Energy, the supply disruption with gas of Russian origin is not the most likely scenario, however it is not ruled out that if the crisis escalates there will be an impact on prices. In any case, the country is preparing for all contingencies and in this context:

-Planning is being done to ensure the supply of the Liquefied Natural Gas (LNG) facilities in Revythousa with continuous unloading of ships. The use of Revythousa is already increased this year and if necessary more LNG loads will be sought.

-There is readiness for supply with diesel oil of the natural gas units that have this technical possibility. Thus, if necessary, the demand for natural gas for the purpose of electricity generation will be reduced and the production of electricity will be ensured.

The Greek system currently has four gas entry points. They are Sidirokastro, which covered 45.5% of imports last year, Revythousa (31.8%), the interconnection with the TAP pipeline in Nea Mesimvria (17.51%) and the Greek-Turkish pipeline (Evros Gardens), which covered 5 , 17%. Russian gas is supplied to Greece through pipelines passing through Turkey and Bulgaria.

The image conveyed by competent executives is that so far there has been no disruption in the gas supply. While in terms of prices, the electricity market is currently reacting smoothly as the price of electricity on the Stock Exchange is today Wednesday at 188.39 euros per megawatt hour, ie essentially at yesterday’s levels (it was 187.55 euros).

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