Revithoussa LNG floating storage facility in Greece prepares to receive gas from the US

Gas transmission system operator Hellenic (DESFA) said on Friday that the addition of the Revitussa floating LNG storage facility is feasible and beneficial to secure natural gas supplies. The Revitussa LNG terminal is located on the island of Revitussa in the Gulf of Pachi near the city of Megara, 45 km west of Athens.

Speaking to state-run news agency amna, DESFA sources said it was critical that the decision be implemented quickly as the demand for such infrastructure is high globally due to the war in Ukraine.

According to a decision made at an emergency meeting of the Department of Environment and Energy’s Crisis Management Committee on Wednesday, DESFA is due to submit an initial cost-benefit analysis of the addition of a floating LNG facility on Friday.

DESFA sources said the utility of the floating storage is not limited to improving (nearly doubling) storage capacity at Revitus, but mainly because it will increase the flexibility of the LNG supply chain. This will allow supply vessels to be received at a time when fixed storage facilities are full, at a time when international demand for LNG cargoes is high.

According to the official DESFA website, the Revitussa LNG terminal is one of twenty-eight (28) LNG terminals currently operating in the wider Mediterranean region and Europe. And the only one in Greece that accepts, stores and regasifies LNG and delivers it to the national natural gas transportation system.

With a storage capacity of 225,000 m3 LNG and regasification capacity 1250 m 3/h as a sustainable maximum delivery rate, the terminal is an important energy asset for Greece, providing power supply reliability, operational flexibility in the transmission system and increased ability to meet peak gas demand.

The most likely supplier of LNG to Greece will be the United States or Qatar. There is no question of price.

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