Demand for natural gas demand grew by more than 20 percent in 2017, primarily driven by the electricity generation sector, which absorbed 18.6 percent more natural gas during the year to capture a 66.8 percent share of overall demand for natural gas in Greece.
The total amount of natural gas transmitted through the country’s distribution system reached 4.64 billion Nm3 in 2017, up from 3.84 billion Nm3 in 2016, a 21.06 percent increase. In energy terms, 53.57 billion kWh was distributed last year compared to 44.42 billion kWh in 2016, a 20.6 percent increase.
Small-scale industry, households and enterprises captured 19.5 percent of overall natural gas demand following a distribution increase of 10.5 percent.
Large-scale industry also experienced an impressive consumption increase of 64.9 percent, which took its share of overall natural gas demand to 13.7 percent.
Part of the overall increase has been attributed to the particularly heavy winter experienced around Greece in 2016-2017, which led to an increase in demand for natural gas-fueled electricity generation as well as natural gas through the pipelines for heating purposes.
The share of natural gas used for electricity generation increased to 31.5 percent in 2017 from 26.6 percent a year earlier. Total electricity production grew to 52.04 TWh in 2017 from 51.24 TWh in 2016, a 1.56 percent increase.
Increased natural gas consumption in the industrial sector, which became apparent during the final months of 2016, remained consistently higher throughout 2017.