De-escalation combination natural gas prices and a mild winter reverses the data formed energy crisis in relation to domestic gas consumption, exports and loads LNG To Port of Revitusthe role of Russian natural gas, but also their shares industrial fuel.

Data expected to be released today DESFA for the first quarter of the show year full reset natural gas industry, with corresponding consumption up 650% year-on-year and after a decline of about 70% overall over the past year as a result of the search for cheaper fuels. Total consumption by industry reached 5.4 TWh in the first quarter of the year from 0.72 TWh in the first quarter of 2022. 2022.

Only 9 tankers entered the in-demand 2022 facilities at Revitus in the first quarter of 2023 compared to 21 in the corresponding quarter of 2022. The total volume of cargo for the quarter roughly corresponds to the monthly volume of cargo last year, when almost two tankers called at Revitusa in the autumn. Unlike last year’s congestion in the Megara Bay, caused mainly by high demand for exports to Bulgaria, there were many cancellations of regular cargo in the first quarter of 2022. This development is associated both with a decrease in demand in the domestic market and in neighboring Balkan markets, as well as with the replacement of a significant part of the demand in the Bulgarian market with Azerbaijani gas with the work of the MGB. As a result of this condition, natural gas exports fell by almost 50% to 1.48 TWh from 2.58 TWh in the first quarter of 2022.

Only 9 tankers berthed at Revitus compared to 21 in the corresponding quarter last year.

Total LNG imports were capped at 5.4 TWh from 9.02 TWh in the first quarter of 2022, and Ag. The triads through which LNG entering Revitusa enters the system have lost the priority it won last year as the country’s gateway. It covered 30.3% of all gas imports, out of 43.23% in the corresponding quarter of 2022, and the first place was taken by the Sidirokastro station, through which Russian gas enters the system, which covered 46.57% of imports out of 36.71% in the corresponding quarter. period of last year. year.

Total natural gas demand (domestic and export) fell from 21 TWh in the first quarter of 2022 to 17.6 TWh in the first quarter of 2023, lower than the corresponding quarter of 2021 (19.16 TWh).

Decrease in consumption

In March, the eight-month period for reducing natural gas consumption by 15%, set by the EU as a mandatory requirement for member states, ended. (August 2022 – March 2023) and, according to Green Tank analysis, Greece with a total consumption of 32.9 TWh significantly exceeded the target not only in relation to the corresponding period of the previous year, but also in relation to the average five-year period (41 .6 TWh). TWh). Gas consumption for eight months decreased by 31.8% compared to the same period of the previous year and by 20.9% compared to the average value for the corresponding eight months of the previous five years.