Supported byClarion Energy
HomeGasGreece: Cheap Russian...

Greece: Cheap Russian gas replaces LNG 

The cheap Russian natural gas that enters Greece from Sidirokastro, in Central Macedonia, through the TurkStream pipeline, put liquefied natural gas loads off the market in April.

The Revythoussa facilities, sought after during the energy crisis of 2022 and 2023, were left unclaimed in April, while the minimum LNG quantities scheduled for unloading were eventually cancelled, resulting in zero LNG imports for the first time since 2019.

This was followed by a gradual cancellation of cargoes since January, with scheduled cargo arrivals halved in the first quarter of the year.

Companies had intended to import three loads last month but revised their plans.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Hungary plans full Russian gas replacement by October 2027 via southern supply routes

Economy and Energy Minister István Kapitány said Hungary should be able to meet demand without Russian gas by October 2027, aligning with the European Union’s phase-out deadline. He added that existing interconnections and alternative supply sources should cover volumes...

Montenegro and Japan sign five-year framework for grids, LNG and low-carbon tech

Montenegro and Japan have signed a five-year energy cooperation agreement covering electricity networks, LNG, gas supply and low-carbon technologies. The memorandum is designed as a framework for future investment rather than committing the countries to individual projects. It was...

SEE gas heads into autumn above €70/MWh as LNG shock tightens market

Southeast Europe’s gas market is entering autumn under renewed price pressure, with European benchmark prices moving above €70/MWh after a strong summer rally driven by disruptions to Gulf LNG supplies, rising gas-fired power demand and slower-than-expected storage injections. The...
Supported byVirtu Energy