According to data from Greece’s natural gas transmission system operator, DESFA, domestic gas consumption saw a substantial 30.03% increase in 2024, rising from 50.91 TWh in 2023 to 66.2 TWh.
The primary driver of this growth was a significant rise in demand for electricity generation, which accounted for 68.65% of the total consumption, experiencing a 31.59% increase. Residential and business consumption made up 17.71% of the demand, reflecting a 4.83% rise. Meanwhile, industries and CNG filling stations directly connected to the network saw the most notable increase, with their consumption surging by 74.34%, accounting for 13.62% of domestic usage.
Despite the significant rise in domestic consumption, total natural gas demand, including exports, grew by only 2.23% to 69.11 TWh. This was due to a sharp decline in exports, which plummeted by 82.56%, dropping from 16.69 TWh in 2023 to just 2.91 TWh in 2024. However, export activity began to recover in the final quarter, increasing from a mere 0.66 TWh in the first nine months, thanks to the launch of the LNG terminal in Alexandroupoli, which is connected to the Greece-Bulgaria interconnection.
Imports rose by 2.45% in 2024, reaching 69.37 TWh, compared to 67.71 TWh in 2023. More than half of the imported gas entered through the Sidirokastro entry point, while the Revythoussa LNG terminal accounted for 26.43%, and the Nea Mesimvria entry point, linked to the Trans-Adriatic (TAP) pipeline, contributed 18.07%.
LNG imports saw a decline, with 27 tankers delivering 18.69 TWh to the Revythoussa terminal in 2024, compared to 41 tankers and 28.52 TWh in 2023. The United States remained the top LNG supplier, providing 71.64% of the total supply, with deliveries rising from 17 to 19 tankers and volumes growing from 10.75 TWh to 13.89 TWh. Russia, which ranked second, saw a sharp 65.87% decrease in its contribution, dropping to 2.86 TWh, or 15.3% of the total. Algeria and Norway followed with 1.46 TWh (7.81%) and 0.98 TWh (5.24%), respectively.
