Greece energy infrastructure: FSRUs sufficient for gas demand through 2040

An analysis by Green Tank suggests that existing Floating Storage and Regasification Units (FSRUs) in Greece are sufficient to meet regional natural gas demand through 2040. Even under a scenario of increased gas usage, only one of the four newly announced LNG terminal projects would be necessary to cover regional needs.

The study notes that gas transportation via the Vertical Corridor to Ukraine is significantly more expensive than alternative routes, costing 21% to 76% more than paths through Poland, Croatia, Germany, or Lithuania. For Ukraine, costs range from 11.2 to 13.1 Euro/MWh, while for Hungary, costs are between 7.6 and 9.5 Euro/MWh.

In response to planned infrastructure, the Greek natural gas transmission operator, DESFA, is adopting a new approach to its ten-year investment plan. To avoid excluding potential projects, DESFA intends to include the necessary connection infrastructures for four planned FSRUs as candidate projects. These include developments by Motor Oil (Dioriga Gas), Gastrade in Thrace, Mediterranean Gas in Volos, and Helleniq Energy near Thessaloniki. However, DESFA clarified that its investments in metering stations and connecting pipelines will proceed based on the maturity and regulatory evaluation of each specific project.