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Greece: Gas consumption soars 25% in 2024, exports plummet 95%

Data from the natural gas transmission system operator DESFA reveals a significant rise in Greek gas consumption, which increased by 25.16% in the first nine months of 2024. Consumption reached 47.65 TWh, up from 38.07 TWh during the same period last year. However, exports saw a dramatic decline of 95.45%.

The Sidirokastro entry point emerged as the primary gateway for natural gas imports into Greece, with imports rising by 62.67% to 26.32 TWh, compared to 16.18 TWh in the first nine months of 2023. This surge allowed Sidirokastro to surpass the Revythoussa LNG terminal, which experienced a 52.25% drop in imported volumes.

At the Revythoussa terminal, a total of 12.34 TWh of LNG was unloaded from 17 tankers arriving from four different countries. The majority of this LNG, approximately 8.02 TWh (64.99% of total LNG imports), originated from the United States. Imports from Russia followed at 6.27 TWh, reflecting a 54.39% decrease compared to the same timeframe last year, while Norway and Algeria contributed 0.98 TWh and 0.48 TWh, respectively.

Overall, the total gas volumes transported through Greece’s national gas transmission system decreased by 8.14%, totaling 48.31 TWh, down from 52.59 TWh in the previous year.

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