Greece Can Nearly Quadruple Gas Export Capacity By 2025 - Gas Grid...

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In the wake of the war in Ukraine, minibus taxi Katigiorgis 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 taxi Meteora to airport price Egypt, to its sole LNG facility at Revithoussa near Athens.

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"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".

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.

Greece and Turkey have been at odds for decades over a range of issues including where their continental shelves start and end, energy exploration rights in the eastern Mediterranean, overflights in the Aegean Sea and ethnically-split Cyprus.

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, taxi Pelion greece Maria Rita Galli, the chief executive of the country's gas grid operator DESFA said on Wednesday.

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EU gas prices have soared this year as Russia slashed gas deliveries to Europe following its invasion of Ukraine, prompting governments to spend hundreds of billions of euros to cushion their economies from the surge in energy costs.

Some countries criticised the original EU proposal, including suggestions it was designed with such a high price and with criteria so strict that the cap would never be triggered, and thus fail to cushion their economies from price spikes.

The Commission last week proposed a gas price cap that would kick in if the front-month Title Transfer Facility (TTF) gas price exceeded 275 euros ($289) per megawatt-hour for two weeks and taxi from Pelion port to acropolis was 58 euros higher than a liquefied natural gas reference price for 10 days.

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In a document shared with other EU member states this week, Pelion guided tour Italy, Poland, Greece, Belgium and Slovenia proposed two options: either a far lower fixed price cap of 160 euros/MWh, or a "dynamic price cap" that could fluctuate in response to existing liquefied natural gas price benchmarks.

On Friday, countries will consider a revised proposal by the Czech Republic, which holds the rotating EU presidency, which would lower the limit to 264 euros/MWh and Meteora transport require prices to remain above that level for five trading days, instead of two weeks, to trigger the cap.

The revised proposal, seen by Reuters, would also extend the cap to cover not only the front-month gas contract, as the Commission proposed, but contracts with expiry dates as far forward as a quarter-year.

But while EU countries have already agreed a raft of emergency energy measures, including requirements to fill gas storage to prepare for winter, diplomats expected tough negotiations on the price cap and some were doubtful a deal could be struck in time for a Dec.

BRUSSELS, Dec 2 (Reuters) - European Union countries will consider on Friday a proposal for a gas price cap slightly lower than a Brussels proposal that some view as too high, with a handful of countries pushing for an even lower limit, documents seen by Reuters showed.

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