![Major Increase in Russian Natgas Imports by Greece in 1Q 2024](https://www.ot.gr/wp-content/uploads/2024/04/revithoussa2-2048x1152-1.jpg)
Despite now frigid relations on the political front, Russian natural gas imports to Greece are apparently skyrocketing, with the Hellenic Gas Transmission System Operator (DESFA) on Wednesday reporting a 30.91%-increase in consumption in the first quarter of 2024, compared to the corresponding period of 2023.
Russian state natgas exporter Gazprom dominated imports to Greece, mostly through the overland pipeline entering the latter country through the Sidirokastro border crossing, but also via the Revithoussa LNG terminal off the port of Piraeus.
Specifically, the quantity of Russian gas imported from the overland pipeline in the January-March 2024 period reached 7.25TWh, a figure that corresponds to 43.8% of total natural gas imports.
Even more impressive is the fact that Russian gas imports through the Sidirokastro border crossing were up by 113.86% compared to the first quarter of 2023.
LNG imports from Russia in 1Q 2024, via Revithoussa, reached 1.91 TWh, up by 81.9% compared to the first quarter of 2023.
Source: tovima.com
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![ELSTAT: Building Permits Increased by 40.1% in Greece](https://www.ot.gr/wp-content/uploads/2024/07/oikod1-600x380.png)
ELSTAT: Building Permits Increased by 40.1% in Greece
Focusing on Private Construction Activity during this period, there was a 41.8% increase in building permits nationwide, a 40.2% rise in the area, and a 26.8% expansion in volume
![Greek Economy: Bankers’ Insights on Investments and Reforms](https://www.ot.gr/wp-content/uploads/2024/03/ot_bankers4-600x352.png)
Greek Economy: Bankers’ Insights on Investments and Reforms
He also noted that the Recovery and Resilience Fund has seen over 50% of its funds absorbed, with more than 20% having been directed into the real economy.
![Greece: Airbnb Occupancy Hits 40% in June](https://www.ot.gr/wp-content/uploads/2024/05/airbnb-1-600x400.jpg)
Greece: Airbnb Occupancy Hits 40% in June
This growth, averaging about 20,000 new units per month, pushed the total number of accommodations to 224,860 by June, up from 204,578 the previous year.
![Fraport: Greece’s Regional Airports See 5.9% June Surge](https://www.ot.gr/wp-content/uploads/2024/07/ot_airport_affixeis-1-1-600x352.png)
Fraport: Greece’s Regional Airports See 5.9% June Surge
Overall, during the first half of 2024, Fraport Greece's airports achieved remarkable results, handling more than 12.7 million passengers, a 7.8% increase compared to 2023.
![SFEE: Just 1 in 5 New Pharmaceutical Drugs Reach Greece](https://www.ot.gr/wp-content/uploads/2024/07/ΦΑΡΜΑΚΑ-shutterstock_1467910202-2048x1365-1-600x400.jpg)
SFEE: Just 1 in 5 New Pharmaceutical Drugs Reach Greece
Greece spends 70% less than the European average on pharmaceuticals, and Greek patients face significant challenges accessing pharmaceutical drugs and treatments that are available in the country
![Attica Bank: Merger Process With Pancreta Commences](https://www.ot.gr/wp-content/uploads/2024/07/attica-bank-2048x1288-1-600x377.jpg)
Attica Bank: Merger Process With Pancreta Commences
A relevant announcement said the merger with Pancreta is expected to be completed by mid September
![Crete’s Heraklion Port Concession Deal Approved](https://www.ot.gr/wp-content/uploads/2021/10/heraklion-port2-1-600x369.jpg)
Crete’s Heraklion Port Concession Deal Approved
Owner of Minoan Lines Grimaldi Group acquired a 67% share of the port for a total price of 80 million euros
![Santorini Warning of Cruise Passenger Influx Causes Uproar](https://www.ot.gr/wp-content/uploads/2024/07/santorini1-600x400.jpg)
Santorini Warning of Cruise Passenger Influx Causes Uproar
A Santorini councilman urged locals to stay put and limit their activities during the arrival of cruise ships due to overtourism
![European Commission Approves Fourth 2.3 Billion Loan Payment to Greece Under RRF](https://www.ot.gr/wp-content/uploads/2024/04/european_commission_hq-flags_web-3-600x375.jpg)
European Commission Approves Fourth 2.3 Billion Loan Payment to Greece Under RRF
The Commission's preliminary assessment of Greece's request, completed on June 14, 2024, was positive, reflecting Greece's successful implementation of its recovery and resilience plan
![Greek Tourism: Projects Shaping the Landscape](https://www.ot.gr/wp-content/uploads/2023/08/Mandarin-Oriental-Costa-Navarino-Ormos-Beach-Club-1024x767-1-600x449.jpg)
Greek Tourism: Projects Shaping the Landscape
In Vonitsa, Aetolia-Acarnania, the Varko Bay resort is emerging as the first ultra-luxury retreat by Banyan Tree in Europe