The gas link between the Revythoussa LNG terminal in Greece and Ukraine has seen a significant uptick in demand, resulting in its capacity being fully booked for March. This development follows an auction conducted on 23 February, which highlighted a notable shift from previous months characterized by low interest in the corridor.
Specifically, the primary route, known as Route 1, has secured reservations for approximately 2.41 million cubic meters per day. Over the month, this equates to nearly 75 million cubic meters of gas destined for Ukraine. This surge in bookings reflects an urgent need for gas supplies amid ongoing geopolitical tensions.
The Revythoussa corridor has been operational since July 2025, but it had faced challenges in attracting buyers. January saw no contracts, and February’s figures were modest at just 4,500 cubic meters per day, despite efforts to incentivize usage through discounted pricing.
However, the situation changed dramatically for March, with all available capacity being allocated. The gas is set to be supplied to Naftogaz, sourced from a US LNG cargo. This cargo will be managed by Atlantic Sea LNG Trade, a joint venture established specifically for these types of transactions.
In contrast to the Revythoussa link’s success, two other entry routes into the region—one associated with the Alexandroupoli LNG terminal and another linked to supplies from Azerbaijan—have not secured any bookings during this period. This lack of interest further emphasizes the concentrated demand on the Revythoussa corridor as key players seek reliable gas supplies amidst fluctuating market conditions.
