Greece can nearly quadruple gas export capacity by 2025

Greece can nearly quadruple gas export capacity by 2025

ATHENS - 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.

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.

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.

To further cut its reliance on Russian gas, Greece is pinning its hopes on building at least another two floating storage and regasification units (FSRUs) which could be operational by 2024. Earlier this year, it also launched a new gas pipeline carrying gas to Bulgaria.

"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