Gas grid operator DESFA’s ongoing auctions for slots at its Revythoussa islet LNG terminal just off Athens, currently offering slots for 2025 and 2026, are continuing to attract strong bidding interest, as was the case with a preceding session offering slots for 2024.

This year, DESFA is, for the first time, staging LNG slot reservation auctions offering capacities for the next 15 years, from 2024 to 2038, triple the five-year extent offered up until last year.

The strong interest in the Revythoussa slots has been attributed to a projected increase in gas demand over the next few years. A number of new gas-fueled power stations are planned to be launched between 2024 and 2026.

Participants have fully booked all 41 LNG slots offered for 2025. Of these, 25 had already been secured during last year’s cycle of auctions. The remaining 16 slots were all taken up by domestic users.

The 41 LNG slots offered for 2025 were secured by a total of 7 users of which six are domestic players.

Bidding interest remains just as firm for 2026, with just one of 45 slots offered still vacant. Of these, 21 were secured by bidders at auction last year, drawing bidders from Greece and abroad.

It should be pointed out that, even if slots are all taken, the terminal’s rules permit other users to store quantities for shorter in-between periods if slots are temporarily emptied or any LNG load cancellations arise.