ECONOMY

LNG imports up sharply in January-June

LNG imports up sharply in January-June

The Revythousa LNG terminal was the main entry point for natural gas in Greece during the first half of 2022, covering 44% of demand, with Russian natural gas having a share of 34%, the country’s gas grid operator DESFA said on Tuesday.

In a report, DESFA said that domestic consumption of natural gas fell, although demand rose as exports more than doubled in the January-June period. Exports were made mostly to Bulgaria and Italy. Total demand (domestic consumption and exports) of natural gas rose 3.84% to 38.91 TWh, from 37.47 TWh in the same period last year. Domestic consumption fell 10.33% to 30.31 TWh, while exports soared 134.33% to 8.60 TWh.

Natural gas imports totaled 38.92 TWh in the first half of 2022, up 3.65% from the same period in 2021, with imports from Revythousa accounting for 44.5% of total imports. A total of 39 tankers from six countries transferred around 16.61 TWh of LNG in the January-June period, reflecting LNG shipments from the United States (9.79 TWh). The US accounted for 58.94% of LNG imports to Greece, followed by Algeria, Egypt, Nigeria, Oman and Indonesia.

Consumption by households and enterprises grew 8.42% in the first half totaling 8.24 TWh or 27.19% of total demand. Consumption by domestic industries totaled 1.67 TWh, down 71.06% or 5.51% of total demand.

[AMNA]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.