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Greece’s floating LNG storage Revithoussa getting ready to meet higher demand

The addition of a floating LNG storage unit at the Revithoussa terminal station is both feasible and useful for ensuring security in the natural gas supply, Hellenic Gas Transmission System Operator (DESFA) sources said on Friday. The Revithoussa LNG Terminal is located on the islet of Revithoussa, in the gulf of Pachi at Megara, 45 km west of Athens.

Speaking to state-run news agency amna, the DESFA sources said it was very important that this solution be implemented rapidly, as the demand for such infrastructure is high on a global basis due to the war in Ukraine.

According to a decision reached at the urgent meeting of the Crisis Management Committee of the Environment and Energy Ministry on Wednesday, DESFA must submit an initial cost/benefit analysis regarding the addition of a floating LNG unit on Friday.

The DESFA sources said, the usefulness of a floating storage unit is not restricted to improving (almost doubling) storage capacity at Revithoussa, but mainly because it will increase the flexibility of LNG supply chain. Namely, it will make it possible to receive supply ships at times when the fixed storage units are full, allowing the reception of more ships at a time when international demand for LNG cargos is high.

According to official DESFA website, the Revithoussa LNG Terminal belongs among the twenty-eight (28) LNG terminals that operate today in the wider Mediterranean region and in Europe and the only one in Greece that receives LNG cargoes, temporarily stores and regasifies LNG and supplies the National Natural Gas Transmission System.

With a storage capacity of 225,000 m3 LNG and a regasification capacity of 1250 m3/h as a Sustained Maximum Send out Rate, the Terminal is an important energy asset for Greece, providing security of energy supply, operational flexibility in the transmission system and increased capability to meet peak gas demand.

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