Greek LNG imports dip in January-June

LNG deliveries to Greece in the January-June period have almost halved year-on-year due to lower volumes from the US and Qatar.

DESFA said in a report that its LNG import terminal located on the island of Revithoussa received in total 15 vessels in the first half of 2021.

The shipments totaled 10.77 terawatt hours, down 43.4 percent when compared to the same period in 2020, the Greek gas grid and LNG terminal operator said.

Imports from the US and Qatar dropped considerably, logging a decrease of 59.3 percent and 50.9 percent, respectively.

Greek LNG imports dip in January-June
Image: DESFA

On the other side, LNG supplies from Algeria surged 141.2 percent and the African country covered about a third of the volumes delivered to the Revithoussa terminal during the period under review.

The US leads with 38.1 percent of the total quantities imported, followed by Algeria with a 31.8 percent share, according to DESFA.

To remind, US deliveries via the Revithoussa terminal rose more than six times last year while Qatari shipments also logged a 22 percent rise as LNG dominated over pipeline gas due to lower spot prices last year.

However, spot LNG prices surged to record levels in the first part of this year, diverting cargoes from Europe to markets in Asia. Greece’s LNG imports dropped 49.6 percent in the first quarter of this year.

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