LNG is continuing to enter the Greek market through gas grid operator DESFA’s Revythoussa terminal just off Athens at a continual and elevated flow that is reshaping the overall gas market.
The Mytilineos group was the market leader in the first quarter, capturing a market share of more than 40 percent of gas imported into Greece either via the Revythoussa LNG terminal or pipeline infrastructure.
Gas utility DEPA, a more subdued LNG player in the first quarter as a result of take-or-pay costs linked to the company’s pipeline gas orders with Russia’s Gazprom and Turkey’s Botas, registered a first-quarter market share of approximately 30 percent.
Elpedison, propelled by the increased use of its gas-fueled power stations, captured a higher share of 15 percent.
The Greek gas market’s remaining 15 percent was shared by Prometheus Gas, power utility PPC and Heron.
PPC’s gas market share is expected to increase over the coming months as it has placed LNG orders via the Revythoussa terminal.