Greece hailed as exporter of energy security


Greece is an exporter of energy security to our neighbours and this is mainly due to our energy strategy and the strategy in the natural gas sector, Greek Prime Minister Kyriakos Mitsotakis underlined on Wednesday speaking at an international conference on Liquefied Natural Gas (LNG) held in Athens.

"The crisis is changing the energy map of Europe and Greece is at the forefront of this change," the prime minister stressed. Mitsotakis presented the new infrastructures that have been implemented or are being built and which allow for an increase in natural gas exports, noting in particular the new liquefied natural gas tank in Revythoussa which increased the station's capacity by 65%, as well as the new floating a Liquefied Natural Gas station in Alexandroupolis which is expected to be operational by the beginning of 2024, the TAP pipeline that transports natural gas from Azerbaijan to Europe via Greece and the Greek-Bulgarian natural gas pipeline that was inaugurated last month while also mentioning the prospect of building a supply pipeline of North Macedonia.

"In a few years we may have 2, 3 or even 4 floating LNG stations. We want to help our neighbors to diversify their energy supplies and to improve the stability associated with energy security," he stated. Referring to the issue of prices, he said that the rise puts pressure on consumers and businesses, adding that the Greek economic growth allows the support of consumers.

The prime minister reiterated the Greek government's proposals to the European Union for measures to intervene in a market that, as he pointed out, is not functioning properly.

He finally noted that Europe, as Greece is already doing, should proceed with the exploration of hydrocarbon deposits as natural gas, as he said, will be close to us for a while and we must ensure the supply at a reasonable cost without affecting the energy transition to the green economy. "We need innovative solutions to ensure energy security now, without undermining the path to decarbonisation," the prime minister concluded.