GREECE CAN BECOME THE MAIN GAS EXPORTER IN THE BALKANS BY 2025

According to Maria Rita Gali, CEO of the nation's gas network operator DESFA, Greece is emerging as Europe's gas corridor and could virtually treble its gas export capacity to neighboring nations in the years to come.

At the height of the Ukrainian conflict, Greece reduced its reliance on Russian gas by more than half this year, increasing its supply of liquefied natural gas (LNG), primarily from the United States and Egypt, to its sole LNG terminal in the Athens neighborhood of Revitusa.

The terminal, which the government referred to as "indispensable," also assisted in exporting gas to nearby nations, such as Bulgaria, which earlier this year lost access to Russian supplies because it would not accept payments in rubles.

Greece is counting on the construction of at least two more floating storage and regasification units (FSRUs), which might be operational by 2024, to further lessen its reliance on Russian gas.

Recently, it likewise dispatched another pipeline that will convey gas to Bulgaria. "This makes the circumstances for Greece to practically fourfold among now and 2025 its product ability to its adjoining nations," Gali said during the World LNG Culmination in Athens, adding that Europe required "adaptable arrangements and an adaptable market of LNG".

Security of supply is the greatest test confronting Europe, she expressed, alongside decarbonisation.

Top state leader Kyriakos Mitsotakis said Greece could have up to four new LNG terminals in activity before long. He added that Europe needs to track down another energy "balance" after gas cost spikes recently and that Russian gas can't be disposed of without interest in new gas creation.

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