Log in
A+ A A-

Revythousa: CNBC report on Greece's LNG terminal

Featured Revythousa: CNBC report on Greece's LNG terminal

The Liquefied Natural Gas (LNG) terminal in Revythoussa is mentioned in a report by CNBC, the only receiving station for storage and liquefaction of fossil fuel in Greece.

As pointed out in the report, from the winter of 2022/23 Europe is entering a new phase in terms of energy, as Russian gas supplies are now absent. Supplies on which Europe was inextricably dependent in order to meet its energy needs.

This dependence of Europe on Russia has meant that the ability to store LNG supplies on European soil is very limited. With these data, Europe must move towards a new era, where it will be able to become energy independent without the risk of facing shortages.

And if for the winter we are going through the natural gas storage capacity of the European countries has been covered by 95%, nothing can ensure that this can happen indefinitely if the necessary infrastructures for storage and liquefaction of natural gas are not in place.

In this context, the American network was at the Revythousa terminal, wanting to have a clear picture of its capabilities, noting that it will play an important role in Europe's energy sufficiency.

According to the manager of the facility, Aristotelis Nastos, the Revythousa station can receive cargo by sea. The LNG is then liquefied and becomes gaseous. Then, through pipelines, it spreads to the network of Greece, but also to nearby European countries.

The invasion of Russia and the energy crisis have changed the situation in Revythousa. Under normal conditions we received supplies from 4 to 5 tankers a month, and after the war in Ukraine this number has increased to 10 cargoes a month, notes Mr. Nastos.

According to him, the volume of LNG liquefaction has also increased, as from 800 metric tons per hour the station now operates at its highest levels of around 1,400 metric tons per hour.

In the same report, Greek Energy Minister Kostas Skrekas statesd that Europe is making great efforts to cover the loss of Russian natural gas. In this context, Greece is going to become the main artery for receiving LNG cargoes for Southeast Europe, however, time is needed to complete the construction of the necessary infrastructure.

CNBC reports that the addition of the new FSU (no natural gas liquefaction) unit at Revythoussa will boost the terminal's production capacity by 70%.

In closing, Mr. Skrekas stated that the infrastructures that every European country wants to build must clearly be environmentally friendly. Greece wants such infrastructures and possibly the ones we are building now to be used later for the use of hydrogen for example, the Minister concluded