Gas-fueled power producers take on LNG tanker security measure costs

Natural-gas fueled electricity producers will assume the cost of a RAE (Regulatory Authority for Energy) decision to hire a tanker for additional storage capacity at the Revythoussa islet LNG terminal, just off Athens, as a precautionary gas supply measure for this winter season.

The details concerning the cost coverage of this measure have been included in an energy ministry amendment of a bill drafted for the establishment of energy communities, promising decentralized, locally generated energy solutions.

According to local regulations, licensed natural-gas fueled electricity producers need to maintain agreements with DESFA, the natural gas grid operator, as well as natural gas reserves.

Costs to be covered by natural-gas fueled electricity producers include the tanker’s hiring and operational costs.

A tanker loaded with 120,000 cubic meters of LNG arrived at Revythoussa at the beginning of this year and will remain docked at the facility until the end of February to offer supply security should high-demand conditions emerge, as was the case last winter, when the system was stretched to its limits.