Greece Can Nearly Quadruple Gas Export Capacity By 2025 - Gas Grid...
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Mediterranean Gas plans to build an FSRU off the port of Volos, in central Greece.
It has invited LNG producers, traders, large-scale consumers, industrial users and marine and shipping companies to submit non-binding interest in booking capacity by Dec.
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ATHENS, Nov 30 (Reuters) - As demand grows for liquefied natural gas in Europe in the wake of the war in Ukraine, Thessaloniki greece taxi fare to airport has relied heavily on its sole LNG terminal off Athens to replace Russian gas imports.
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Gastrade, owned by Greece's Copelouzos family, is developing an FSRU which will be anchored about 18 kilometres off the northern Greek port of Alexandroupolis, carrying gas to shore via a 28-kilometre-long pipeline.
The terminal, which the government has called "indispensible", has also helped export gas to neigbouring nations including Bulgaria, which was cut off from Russian supplies earlier this year after refusing to pay in roubles.
ATHENS, Nov 30 (Reuters) - Greece is becoming a European gas corridor and can nearly quadruple its gas export capacity to neighbouring countries in the coming years thanks to new infrastructure under development, Maria Rita Galli, the chief executive of the country's gas grid operator DESFA said on Wednesday.
"These create the conditions for Greece to increase nearly four times from now to 2025 its export capacity towards its neighbouring countries," Galli said during the World LNG Summit in Athens, adding that Europe needs "flexible solutions and a flexible LNG market".
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In the wake of the war in Ukraine, Greece has this year more than halved its imports of Russian gas, instead ramping up deliveries of liquefied natural gas (LNG), mainly from the United States and Egypt, to its sole LNG facility at Revithoussa near Athens.
Greece's sole operational LNG regasification and storage terminal on the Revithoussa islet off Athens has played a pivotal role in the country's strategy to wean itself off Russian gas and boost the security of supplies ahead of winter.
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The country has already cut Russian gas imports by more than half this year thanks to increased deliveries from other producers to the Revithoussa facility, which is 5 miles (40 kms)from Athens and can store 225,000 cubic metres of gas and regasify 1,400 cubic metres per hour.
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