Politics

Mitsotakis: Support to households will continue in May – Ready for the worst case scenario

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The country must and will be ready for it worst case scenariothat is, for a complete cessation of gas supplies from Russiastressed o Prime Minister Kyriakos Mitsotakis from its facilities Liquefied Natural Gas terminal on the island of Revythousa.

He stressed that the government is struggling to succeed as low energy prices as possible for consumers and businesses and reiterated that the “explosion” in gas prices is unprecedented, that the problem is imported and concerns the whole of Europe.

“And that is why I have personally fought for a pan-European answer to a problem that is not purely national, it is European,” he said.

He promised that the support for energy consumers will continue through a subsidy scheme “Which will continue next month”. In case there is no European answer, Mr. Mitsotakis stressed that all Greeks should know that the Greek government is ready to take significant additional measures so as to “absorb as much of the increase in electricity bills as possible and permissible from the budget margins”.

The Prime Minister made the tour of the island and was guided to the facilities of the terminal by Managing Director of DESFA, Maria Rita Galli.

“Today we visited Revythousa with the Prime Minister. Ms. Maria Rita Galli, CEO of the DESFA Consortium informed us about the projects that will be implemented in the next period that increase the capacity of Revythousa, increase the capacity to receive boats with liquefied natural gas. “This enables Greece to increase its energy independence in terms of gas supply,” he said. Minister of Environment and Energy Costas Skrekas.

“Greece has made a large investment in recent years with the aim of increasing the resilience of the National Natural Gas System, through the expansion of Revythousa in 2019, through the interconnection with the Trans-Adriatic Natural Gas Pipeline (TAP) a few years ago. And that puts us, of course, in a much stronger position than we would be. We are working tirelessly not only to maintain and guarantee the capacity of the terminal at 100%, but also to strengthen -as expected- its capacity to accept more ships, as well as to expand its capacity to refuel and serve needs of the market “, noted, among other things, the Managing Director of DESFA, Maria Rita Galli.

DESFA examines the addition of a Floating Storage Unit (FSU) to the Revythousa Liquefied Natural Gas Terminal increasing the total available storage capacity from 225,000 m3 to more than 380,000 m3.

At the same time, DESFA is expected to strengthen the possibility of re-gasification of the terminal by 12%.

Kyriakos Mitsotakis also talked to employees and the DESFA executives, while he saw up close the operation of the control center of the terminal. The Prime Minister was accompanied on his visit by the Minister of Environment and Energy Costas Skrekas, the Secretary General of Energy and Mineral Resources Alexandra Sdoukou, the Head of the Managing Authority of the Operational Program “Competitiveness, Entrepreneurship and Innovation” Angel.

The LNG Terminal of Revythousa

– The Revythousa Liquefied Natural Gas Terminal is the only LNG Terminal in Greece at the moment and one of the most important energy infrastructures for Greece and the wider region of Southeastern Europe.

– It has a total storage capacity of 225,000 m3 LNG, consisting of two tanks of 65,000 m3 each and one larger, with a capacity of 95,000 m3.

– The port of Revythousa can accommodate ships from 25,000 to 266,000 m3 LNG, a size that corresponds to the largest LNG transport ships in the world, with a length of about 355 meters.

– Strategically located, close to some of the most consumed areas, such as Attica and Boeotia, Revythousa can supply natural gas to both the Greek market and the markets of neighboring countries, through the existing interconnection with Bulgaria and the future interconnection with Northern Macedonia.

– It is a critical infrastructure for Greece, as it guarantees security of supply and allows the diversification of gas supply sources, providing operational flexibility in the transmission system, as well as increased capacity to meet maximum gas demand. It is the only Entry Point of the network that injects natural gas in the Southern part of the country.

– In addition to its key role in the day-to-day operation of the National Gas System, the Revythousa Terminal has proven its strategic importance in the past, as during the first gas crisis in Ukraine in 2009, it served effectively with LNG the Bulgarian market for some days, through a reverse flow of natural gas to Bulgaria from the connection point of Sidirokastro.

– In 2021, Revythousa covered almost one third (31.8%) of total gas imports in Greece, while in the first quarter of 2022 Revythousa became the main gateway for natural gas in the country, covering 43.23% of of our imports, upon receipt of 21 LNG shipments from 6 countries (USA, Algeria, Nigeria, Egypt, Oman and Indonesia).

The entire statement of the Prime Minister

Here in Revythousa, the heart of our country’s natural gasification plant beats. It is, indeed, an impressive facility, the Consortium that manages it is ready to make additional investments in order to significantly increase the storage capacity of Revythousa.

This is extremely important, because the country must be prepared for the worst-case scenario of a complete cessation of gas supplies from Russia, and we will be ready to cover this possibility as well.

Liquefied natural gas is extremely critical in order to achieve the expansion of gas supply sources. In this design, Revythousa in its current form, but also in its upgraded form, plays a decisive role. New investments, floating liquefied natural gas regeneration facilities, such as the one launched in Alexandroupolis, also play a key role.

The Government’s first concern is to ensure the energy efficiency of the country, but at the same time we are striving to achieve the lowest possible energy prices for consumers, households and businesses.

I want to reiterate once again that we are facing an unprecedented explosion in gas prices. This problem is imported. A problem that concerns the whole of Europe and that is why I have personally fought for a pan-European answer to a problem that is not purely national, it is European.

In any case, however, the government is committed to continuing to support energy consumers through a subsidy scheme that will continue next month.

And in the event that there is no European answer to this problem, I want all Greeks to know that the Greek Government is ready to take significant additional measures to absorb as much of the increase in electricity bills as possible. allowed by the budget margins.

To thank all the employees and the management of the company in this extremely critical facility for the energy security of the country.

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