Greece’s Development Minister Adonis Georgiadis appeared reassuring about the natural gas supply and the consequences that the developments in Ukraine will have for the country.
Speaking to Skai Tv on Tuesday morning, the minister said that “there is absolutely no concern about the adequacy of natural gas in Greece from the developments so far.
He added that one of the measures discussed is to put an embargo on the pipelines passing through Ukraine, but, nevertheless, the natural gas reaches Greece via the Black Sea from the TurkStream and Azerbaijan.
Regarding an increase of energy prices, Georgiadis said that it remains to be seen how the world economy will react to the developments in Ukraine.
However, he stressed that any increase in fuel prices today is speculation.
Greece’s natural gas supplies & alternative ways
Greece covers 40% to 45% of its needs in natural gas from Russia.
Already last week, media reported of scenarios that the country would turn to imports of US gas through the Revythousa Liquified Natural Gas Terminal in Megara, western Attica.
Sources from the Greek Public Gas Corporation DEPA told media that US LNP ships originally destined to Asian countries, are expected to arrive in Greece soon, so as not the country would face a supply problem.
DEPA, if necessary, will activate all those scenarios, in cooperation with RAE and the Ministry of Energy, in order to continue the production of energy from the thermal gas power plants and the continuation of gas supply to handicrafts and households.
DEPA added that there is a a clause to fix the prices in cases of emergency.
At the same time, there are reportedly also the agreements with Algeria to transfer LNG by ships.
Two units of the Public Power Company that can be modified and operate with diesel instead with natural gas.
There is also adequacy in hydroelectric plants, while the lignite units are stand by and can give more energy to the power supply.
Last week at a meeting with Egyptian President, Al Sisi in Brussels, PM Kyriakos Mitsotakis discussed the possibility of energy transfer from Egypt to Greece beyond the Electrical Connection Agreement.
PS At the end of the day, we may no need to worry about the supply, if we cannot afford to pay the energy prices.
