Greece becomes a key gas exporter, with 26 TWh by the end of November

, SEE Energy News

Greece has become a major exporter of natural gas – on average, one out of three shipments arriving in the country is delivered to other countries, which is significantly higher than last year’s export level of around 10%.

The war in Ukraine has increased the geostrategic importance of southern Europe, including Greece, in terms of gas transportation. The supply route from the south to the north of the continent is now dominant, a reversal from previous decades.

LNG shipments to Greece are delivered to a large number of landlocked European countries. As a result, Greek gas exports rose sharply in 2022.

In the first eleven months of this year, gas exports from the country reached 26 TWh, which is more than three times higher than the level recorded for the whole of 2021, when annual gas exports amounted to 7.6 TWh.

Greek exports are expected to grow even more in 2023, as a result of the launch of the IGB gas pipeline from Greece to Bulgaria in October.

At the same time, technical solutions are being sought for the export of movol gas via the IGB gas pipeline as soon as the FSRU Alexandroupolis, a project led by Gastrade, is launched at the end of 2023. The LNG terminal in Alexandroupolis is expected to further increase Greece’s gas export capacity.