The country’s changing energy policy, especially following an EU decision aiming to drastically reduce Europe’s reliance on Russian natural gas, will require far greater gas transmission capabilities, inevitably prompting the need for a major network capacity boost, double the current capacity, with project participation from private-sector investors through public-private partnerships, DESFA, the gas grid operator, has informed RAE, the Regulatory Authority for Energy.
The EU’s energy policy, steering Europe towards energy-source diversification, promises to establish Greece as a southeastern transit country handling far bigger quantities than at present.
Speaking at the recent energypress Power & Gas Fourum, Michalis Thomadakis, DESFA’s Director of Strategy and Development Division, noted: “Certain projects need to be developed so that we can fully utilize the new role the Greek gas transmission system is being called upon to adopt in the wider region. This can only be done with investments. It basically means that the system’s capacity needs to be doubled.”
A disruption of Russian natural gas supply to Europe would create a need for approximately 40 bcm to the Balkan region. Much of this quantity would pass through Greek territory.
New infrastructure promising to greatly increase Greece’s LNG importing capacity is already in the making. Projects include the Alexandroupoli FSRU in the country’s northeast, the Dioryga Gas FSRU planned for the Korinthos region west of Athens, as well as an additional storage tank at Greece’s only existing LNG terminal on the islet Revythoussa, just off Athens.
Given these prospects, DESFA is currently looking to develop new pipelines and make network revisions that would facilitate greater quantities to other European markets.