RAE, the Regulatory Authority for Energy, has decided to shape a new regulatory framework for gas grid operator DESFA’s LNG terminal on the islet Revythoussa, just off Athens, attributing recent congestion problems at the unit that have left companies without slots for 2020 to an outdated legal framework from 2011 no longer serving new market needs, energypress sources have informed.
The authority is expecting proposals from DESFA before it starts shaping a new regulatory framework for the LNG terminal. The new framework, whose details remain unknown, will not apply in 2020 but is planned for 2021.
Lawmakers behind the set of rules shaped nearly a decade ago viewed LNG as a supplementary fuel, but it has taken on a far more significant role in the Greek energy market over the past few years, the sources noted.
Stronger LNG demand expressed by major-scale consumers and energy groups has been driven by increased global LNG output and significantly lower prices compared to pipeline gas.
Companies left without slots on DESFA’s finalized unloading plan for 2020, just announced, will eventually secure places during the year as other qualifiers have overstated their slot requirements and will make resulting vacant capacities available, the sources said.
According to the finalized unloading plan, the Mytilineos group will import a total of 22 LNG shipments in 2020, beginning January 1, Elpedison has planned an equivalent number of shipments, gas utility DEPA has scheduled 14, including Algerian contracts, while Heron has scheduled five shipments.
Power utility PPC and Motor Oil Hellas, both importing LNG shipments through the Revythoussa terminal in 2019, have been left out.