Greek container power generation

What infrastructure upgrades are coming to Greece?

Liquefied Natural Gas (LNG) Infrastructure upgrades include the Revithoussa LNG Terminal, which facilitates 30-40% of Greece’s total gas needs. The Alexandroupoli FSRU, operated by Gastrade, started commercial operations in October 2024 and increases Greece’s import capacity considerably.

Is Greece a regional energy player?

In recent years, following the financial crisis and pandemic, Greece has emerged as a regional energy player, with major planned investments in natural gas infrastructure and electricity grid interconnections and upgrades.

How has Greece increased its LNG import capacity?

Greece, which typically consumes about 6-7 billion cubic meters of gas a year, has increased capacity for LNG imports through the upgrade of its Revithoussa LNG terminal and the recently completed Alexandroupoli floating storage regassification unit (FSRU).

How much gas does Greece import?

U.S. natural gas in the form of LNG now accounts for nearly 20 percent of Greece’s total gas demand, while it is over 60% of the LNG imported in the country. In particular, in 2024 Revithoussa terminal received 27 LNG tankers of which 19 was US LNG. In terms of volume Greece imported a total of 21.4 TWh of LNG of which 13.4 TWh was US LNG.

Which US companies are active in Greece?

Currently, the two leading US firms in energy – Exxon and Chevron are active in Greece. On December 27th, the Ukrainian D.Trading received its first Liquefied Natural Gas (LNG) shipment from the United States at the Revithoussa LNG terminal.

What is the Greece-North Macedonia interconnector?

The Greece-North Macedonia Interconnector is expected to start construction in 2025 and will facilitate the transportation of natural gas between Greece and North Macedonia, with potential connections to other countries through LNG terminals in Greece and the Caspian region.