Greek LNG imports drop in 2024

DESFA said Russia ranked second with 2.86 TWh (15.3 percent), marking a significant 65.87 percent decline in volume compared to the previous year.

Algeria followed with 1.46 TWh (7.81 percent), while Norway contributed 0.98 TWh (5.24 percent), ranking last in 2024.

DESFA said that 24.6 percent of all imported gas to Greece in 2024, including pipeline gas, came via the Revithoussa LNG terminal.

Total gas imports to Greece totaled 69.37 TWh in 2024, reflecting a 2.45 percent increase compared to 67.71 TWh in 2023.

The largest share of imports entered through the Sidirokastro entry point, accounting for 51.6 percent of total imports (35.8 TWh).

Among the remaining entry points, the Nea Mesimvria entry point, through which gas is delivered via the TAP pipeline, covered 18.07 percent (12.54 TWh) of total imports.

Lastly, 2.69 TWh were imported through the Amfitriti entry point (FSRU Alexandroupolis), representing 3.87 percent of total imports, DESFA said.

Exports climb in Q4

According to DESFA’s data, total natural gas demand (including domestic consumption and exports) rose by 2.23 percent, reaching 69.11 TWh.

During 2024, natural gas consumption in Greece increased by 30 percent, reaching 66.2 TWh.

Also, DESFA said natural gas exports decreased by 82.56 percent, dropping to 2.91 TWh from 16.69 TWh in 2023.

Despite this year-on-year decline, exports saw a “significant surge” in the last quarter of 2024, increasing from 0.66 TWh at the first nine months of 2024 to 2.91 TWh at the end of the year.

“This late-year recovery was primarily driven by the commencement of commercial operations at Alexandroupolis FSRU and the integration of the ICGB pipeline with the national natural gas transmission system in Komotini,” DESFA said.