
The new floating LNG storage tank of the National Natural Gas System Operator (DESFA) terminal in Revythousa is fully licensed and ready to operate.
Its activation and its addition to the country’s plan against the possibility of an interruption in the supply of Russian gas is signaled this morning by the visit of the political leadership of the Ministry of Environment and Energy to the LNG storage and gasification facilities located on the islet opposite Megara.
With this infrastructure, the station’s available storage capacity increases from 225,000 cubic meters to over 370,000 cubic meters. The tanker is moored and ready, when the need arises, to store additional quantities of LNG.
Furthermore, and according to available information, the discussions between Greece and Italy regarding the storage of quantities of natural gas in an underground storage facility in Italy are also in the final stage. Sources see a necessity to store 1.14 TWh of gas. Reserves will be held compulsorily from November 1 until March 2023.
Dual combustion units
Final touches are also being made to the remaining parts of the country’s plan for its energy security in case of interruption of Russian gas flows.
According to information, within the week a meeting will be held at the Ministry of Environment and Energy with representatives of power generation units that have the possibility to operate with diesel instead of natural gas. These are units of PPC, Elpedison and HERON, with a total capacity of 1.7 GW. Their diesel stocks should last for 20 days and their readiness will be discussed at the meeting.
Lignite
The use of lignite is also of decisive importance for energy security.
The decision is to double the power generation from the lignite units to 10 TWh. Already month after month, the participation of the once powerful fossil fuel is increasing, even reaching the level of 15%.


Latest News

Travel Revenues up 5.4% in Dec. 2024: Bank of Greece
Visitors from Germany, Italy and the U.S. made up the bulk of visitors to Greece, while tourists from the EU27 members accounted for 54.6% of the aggregate receipts in December 2024.

Greece’s Retail Sector Turnover Sees 2.4% Growth in 2024
Among the regions, the North Aegean recorded the highest turnover growth in 2024, with a 3.8% increase, followed by Attica with 3%.

Greece Reallocates Emissions Funds, Prioritizing Industry Over Consumers and Green Transition
Greece shifts €152 million in emissions funds to aid energy-intensive sectors like aluminum and steel at the expense of support for consumers, renewable energy and the green transition.

Santorini Tourism Union Demands Emergency Support Amid Cyclades Seismic Crisis
The Greek government is reportedly considering a mini support package for Santorini, to be activated if the island's seismic activity persists for an extended period.

Societe Generale Says Greek Stock Market Appealing
The French multinational bank and financial services company firm highlights notable differences in equity risk premiums between Eurozone core and peripheral countries

Greece a Safe Destination, Says Tourism Minister Kefalogianni
The Minister noted that Santorini was geologically unique, reassuring everyone that the Tourism Ministry was in close cooperation with experts to monitor the situation and take appropriate measures

Life Expectancy Rise in Europe Slows Down – Greece, UK Record Highest Declines: Lancet Medical Journal
Poor diet and lack of physical activity are seen as key factors contributing to the negative trend.

Capital Ship Management and Lloyd’s Register Complete the World’s First Tanker On-shore Power Supply Compatibility Assessment
This innovative project marks a significant step forward in the transition towards sustainable port operations

Greek Airports See 12.6% Surge in Passenger Traffic in January 2025
The steady extension of the tourist season is fueling optimism, highlighting Greece’s strong position as a top global destination

Greek Foreign Minister Gerapetritis to Meet U.S. Counterpart Rubio in the U.S.
Greek FM Gerapetritis will be in the U.S. to speak before the United Nations Security Council in New York on Monday and Tuesday, focusing on the war in Ukraine and developments in Syria.