Gas grid operator DESFA is preparing to upgrade its Revythoussa LNG terminal on the islet close to Athens by adding a fourth LNG storage unit at the facility as a means of further reinforcing the country’s energy system for greater energy-crisis protection.
According to sources, the operator has finalized its decision on the plan, to be developed as a floating storage unit (FSU), or permanently moored LNG tanker.
The FSU’s storage capacity is planned to exceed 100,000 cubic meters, almost half the Revythoussa facility’s current 225,000 cubic-meter capacity offered by three existing LNG storage tanks installed on the islet.
Besides bolstering the Greek energy system, the Revythoussa LNG terminal upgrade also promises to create supply opportunities for Balkan markets.
In the event of a disruption of Russian gas to the Balkans, the Revythoussa LNG terminal, as it stands, could cover basic energy needs of the Bulgarian market. The Revythoussa LNG terminal is already supplying Bulgaria.
The terminal was last upgraded in 2018 with the construction of a third LNG tank, a 148 million-euro investment that has enabled transmission of gasified LNG quantities amounting to five billion cubic meters annually.