Greek LNG imports drop in 2024

LNG deliveries to DESFA's Revithoussa LNG terminal decreased by 34.5 percent in 2024, with the US supplying most of the volumes. LNG imports to Greece started to pick up in the fourth quarter due to the launch of Gastrade's Alexandroupolis FSRU-based facility.

The Greek gas grid and LNG terminal operator said Revithoussa LNG shipments in 2024 totaled 18.69 terawatt hours (TWh) or 27 tankers.

This compares to 28.52 TWh or 41 tankers in 2023, which marked a decrease of 27.2 percent compared to 2022.

Greek LNG imports totaled 12.34 terawatt hours, or 17 tankers, in the first nine months of this year. This means that the Revithussa LNG terminal received 6.35 TWh or 10 tankers during the fourth quarter.

In addition, Gastrade’s FSRU Alexandroupolis received its first commercial LNG shipment from Norway in October, the second shipment from the US in November, and the third shipment from the US in December. Bulgaria’s Bulgargaz bought these LNG shipments.

DESFA is also a shareholder in the Alexandoupolis facility along with founder Copelouzou, DEPA, Bulgartransgaz, and GasLog.

Besides LNG imports, DESFA said the Revithoussa LNG truck loading facility handled 261 LNG truck loadings in 2024, transferring 11,632 cbm of LNG, equivalent to 76,704 MWh of energy.

The lloading facility offers a flexible solution for transporting LNG to off-grid areas and users by road.

US volumes climb, Russian volumes down

The US remained the largest LNG supplier to Greece in 2024.

US LNG volumes reached 13.89 TWh (71.64 percent) via 19 tankers, up from 10.75 TWh from 17 tankers in 2024, DESFA said.

DESFA said Russia ranked second with 2.86 TWh (15.3 percent), marking a significant 65.87 percent decline in volume compared to the previous year.

Algeria followed with 1.46 TWh (7.81 percent), while Norway contributed 0.98 TWh (5.24 percent), ranking last in 2024.

DESFA said that 24.6 percent of all imported gas to Greece in 2024, including pipeline gas, came via the Revithoussa LNG terminal.

Total gas imports to Greece totaled 69.37 TWh in 2024, reflecting a 2.45 percent increase compared to 67.71 TWh in 2023.

The largest share of imports entered through the Sidirokastro entry point, accounting for 51.6 percent of total imports (35.8 TWh).

Among the remaining entry points, the Nea Mesimvria entry point, through which gas is delivered via the TAP pipeline, covered 18.07 percent (12.54 TWh) of total imports.

Lastly, 2.69 TWh were imported through the Amfitriti entry point (FSRU Alexandroupolis), representing 3.87 percent of total imports, DESFA said.

Exports climb in Q4

According to DESFA’s data, total natural gas demand (including domestic consumption and exports) rose by 2.23 percent, reaching 69.11 TWh.

During 2024, natural gas consumption in Greece increased by 30 percent, reaching 66.2 TWh.

Also, DESFA said natural gas exports decreased by 82.56 percent, dropping to 2.91 TWh from 16.69 TWh in 2023.

Despite this year-on-year decline, exports saw a “significant surge” in the last quarter of 2024, increasing from 0.66 TWh at the first nine months of 2024 to 2.91 TWh at the end of the year.

“This late-year recovery was primarily driven by the commencement of commercial operations at Alexandroupolis FSRU and the integration of the ICGB pipeline with the national natural gas transmission system in Komotini,” DESFA said.

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