Greece reduced its natural gas consumption by 40% in September 2022 compared to September 2021.

Domestic natural gas consumption fell 40% year-over-year in September, while Greek energy exports to Italy and the Balkans also increased during that time, Greek Environment and Energy Minister Kostas Skrekas said on Thursday.

In Bucharest, at the Ministerial Council of the International Conference on Natural Gas, Skrekas presented the strategy of the Greek government to ensure sufficient energy supply in anticipation of the coming winter, as well as the significant assistance provided by Greece to the states of the region by supporting their energy supply.

In particular, the Minister mentioned:

  • Decrease in domestic consumption of natural gas in September by 40% compared to last year.
  • Growth in natural gas exports, which increased to almost 2 billion cubic meters this year from 0.7 billion cubic meters last year. In particular, Greece exported more than 18 TWh of natural gas to Bulgaria and 2 TWh to Italy.
  • Record imports of liquefied natural gas (LNG) arriving at Revitusa as ships at the terminal almost doubled. Since June, LNG regasification capacities have increased by 12%.
  • Commissioning of the Greek-Bulgarian pipeline on 1 October.
  • The contribution of the TAP gas pipeline, which so far covers almost 20% of domestic consumption.

“Greece has always been a pillar of stability, energy security and diversification in the wider region. We have completed important energy infrastructure projects while continuing to implement critical infrastructure that will further strengthen Greece’s energy competitiveness. The IGB pipeline is ready for operation and the FSRU at Alexandroupoli will be completed by the end of 2023. Combined with new plants already under construction at Corinth and Alexandroupolis, Greece’s LNG capacity could exceed 20 billion cubic meters in the next three years,” Skrekas said.

He also referred to the national energy strategy to accelerate the transition to green technologies, noting that renewable energy sources currently account for 40% of the country’s energy mix and are expected to reach 60% in the next three years, while renewable energy production is expected to hit a record high of 20 TWh this year.

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