In the first half of 2024, Greece experienced a notable surge in natural gas consumption, driven by various sectors, according to data from the country’s National Natural Gas System Operator (DESFA).
Domestic usage rose sharply by 29.76%, reaching 30.78 Terawatt hours (TWh) compared to 23.72 TWh in the same period the previous year. However, overall demand for natural gas saw a slight decline of 7.14%, primarily due to reduced exports.
Imports of natural gas totaled 30.93 TWh, marking a decrease of 8.14% from 33.67 TWh in the first half of 2023.
The Sidirokastro entry point accounted for the largest share of imports at 15.7 TWh, representing 50.76% of the total.
The Revythoussa LNG Terminal remained a significant contributor, covering 29.74% of imports with 9.2 TWh, while the Nea Mesimvria entry point contributed 19.52% with 6.03 TWh.
During January to June 2024, LNG discharges at the Revythoussa Terminal amounted to approximately 8.96 TWh from 12 tankers, a decrease from 17.3 TWh delivered by 26 tankers in the same period last year.
Notably, 67.97% of these LNG imports originated from the USA, totaling 6.09 TWh.
Electricity producers continued to lead in natural gas consumption, accounting for 63.97% of domestic demand with 19.69 TWh, marking a significant increase of 30.92% compared to the previous year.
Industries and vehicle refueling stations connected to the national transmission system also saw a substantial rise of 141.36%, consuming 4.61 TWh, equivalent to nearly 14.97% of domestic demand.
Consumption from distribution networks in the first half of 2024 reached 6.48 TWh, covering 21.05% of total demand.
Source: tovima.com
Latest News
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards