Home Uncategorized Greece to review plan to secure supplies if Russia halts flows – ministry

Greece to review plan to secure supplies if Russia halts flows – ministry

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A worker fills up a car at a gas station in Athens, Greece, March 17, 2022. REUTERS/Costas Baltas

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ATHENS, March 30 (Reuters) – Greece’s gas network operator will review its plans for additional shipments of liquefied natural gas Greece may need if Russia cuts off gas supplies to the country, the ministry said on Wednesday. Energy.

Russia’s demand to pay in rubles for its gas, which covers a third of Europe’s annual energy needs, has raised fears it could cut gas supplies.

Moscow is expected to release its ruble payment plans on Thursday, although it said it would not immediately require buyers to pay for gas exports in the currency.

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Greece, which meets about 40% of its annual Russian gas needs, held an emergency meeting of its energy regulator, gas and electricity transmission operators and its largest gas suppliers on Wednesday. and electricity to assess all available scenarios regarding the security of gas supply.

Along with additional LNG supplies, the government has asked network operator DESFA to look into the cost of adding a floating tank to the country’s only LNG terminal off Athens, the ministry said in a statement. communicated after the meeting.

By April 5, DESFA will also have to inform the Ministry of Energy of the progress made in the discussions with the Italian Snam (SRG.MI) on the possibility for Greece to store strategic quantities of gas in the sub- soil of neighboring Italy.

Russian gas is delivered to Greece via a pipeline that bypasses Ukraine. Athens also buys gas from Azerbaijan, Algeria, Turkey and the United States.

Gas flows to Greece are normal and there is no need for the country to declare an alert immediately, said an official from the Greek gas network operator who requested anonymity.

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Reporting by Angeliki Kotantou; edited by Jason Neely and Alistair Bell

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