Demand is high for LNG slots at the Revythoussa terminal in 2022, made available through ongoing gas grid operator DESFA auctions, attracting strong interest from importers, despite concerns that the current energy crisis and difficulty to make price projections could dampen interest at these sessions, ending November 2 with a third and final auction.
The level of interest for LNG slots at DESFA’s Revythoussa terminal, on the islet just off Athens, is significant for the gas grid operator as well as power grid operator IPTO, as it helps shape the country’s energy security picture, especially for the challenging colder months, right up until the end of April in 2022.
A total of 2.5 billion cubic meters of LNG is expected to be needed in 2022 to satisfy the Greek market’s needs, according to sources.
Besides LNG, overall natural gas consumption in the Greek market next year is expected to reach 7.5 billion cubic meters.
Of this total, 5 billion cubic meters is expected to be supplied through pipeline gas imports, 3.5 million cubic meters coming from Russia, one billion cubic meters from Azerbaijan, through the TAP route, and 0.5 billion cubic meters from Turkey’s Botas.