Greece boosts gas consumption as US LNG deliveries surge

Greece has increased its gas consumption last year as US LNG deliveries via DESFA’s Revithoussa terminal rose more than six times when compared to the year before.

DESFA said in its yearly report that 2020 marked a record year for Greek gas consumption which increased by 9.5 percent compared to the year before.

Consumption in the January-December period reached 63.1 million Megawatt hours (MWh) or 5.48 Bcm, compared to 57.4 million MWh in 2019, the Greek gas grid and LNG terminal operator said.

Total imports stood at 70.6 million MWh or 6.12 Bcm with 46 percent of these volumes coming to the Revithoussa terminal.

In addition, regasification volumes totaled 32.6 million MWh or 2.8 Bcm, a rise of 3.8 percent year-on-year, DESFA said, adding LNG dominated over pipeline gas due to lower prices last year.

The Revithoussa terminal in total received 49 LNG tankers from 8 countries last year, compared to 50 in 2019.

Out of these volumes, US LNG deliveries rose from 2.5 million MWh in 2019 to 16.1 million MWh last year, accounting for 48 percent of all LNG imports, DESFA said.

Qatar also recorded double digits of 22 percent, followed by Nigeria and Algeria with 9 percent. Norway, Egypt, France and the Netherlands supplied 3 percent of the total, each.

Most Popular

Venture Global gets FERC OK to boost Plaquemines LNG capacity

US LNG exporter Venture Global LNG has received approval from the US FERC to boost the capacity of its Plaquemines LNG terminal in Louisiana to 27.2 mtpa.

First Rio Grande LNG tank taking shape

US LNG developer NextDecade continues to make progress on the first phase of its Rio Grande LNG export plant in Texas, including the first 180,000-cbm storage tank.

Cheniere produces first LNG cargo at Corpus Christi expansion project

US LNG exporting giant Cheniere has produced the first cargo at the Corpus Christi Stage 3 expansion project in Texas.

More News Like This

Greek LNG imports drop in 2024

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

Ukraine’s DTEK receives first US LNG cargo via Greece

DTEK’s unit D.Trading received the shipment at the Revithoussa facility onboard the 2010-built 155,000-cbm, GasLog Savannah, on December 27. According...

DESFA: strong interest in Revithoussa LNG slots

The Greek gas grid and Revithoussa LNG terminal operator said on Monday that its ongoing auction process for booking...

Kuwait’s Al-Zour terminal gets milestone LNG cargo

Greece's DESFA, the terminal's operation and maintenance contractor, revealed the milestone in a social media post on Wednesday. KIPIC's Al...