Dioryga Gas, a subsidiary of Motor Oil, has raised concerns during a public consultation on the natural gas transmission system operator DESFA’s ten-year development plan, stating that Greece would require a new liquefied natural gas (LNG) terminal in Agioi Theodoroi, near Corinth, only in the event that Russian gas supplies through the TurkStream pipeline were cut off.
The company warned that a disruption of Russian gas flowing via Ukraine, which would reduce supply by 180 TWh annually, would necessitate the addition of three to four new Floating Storage Regasification Units (FSRUs) to ensure Europe’s energy security. In this scenario, a new LNG entry point in Greece would be crucial to meet the EU’s energy needs.
According to Dioryga Gas, Greece would need to secure an annual gas supply of 36-38 TWh if TurkStream were no longer operational. In 2023 and 2024, Greece imported 28 TWh and 18 TWh of LNG, respectively, through the Revythoussa terminal.
The company emphasized that existing infrastructure, including the Revythoussa terminal and the Alexandroupoli FSRU in northern Greece, would be inadequate to replace the lost supply from TurkStream, highlighting the need for additional LNG import capacity to safeguard the country’s energy security.
