Page 9 - FSUOGM Week 04 2023

FSUOGM PIPELINES & TRANSPORT FSUOGM

Gazprom considers exiting

Greek gas joint venture

GREECE THE board of directors of Russia’s Gazprom will only a fifth of Greece’s gas needs.
discuss the termination of the company’s partic- Prometheus is among the three top Greek
Gazprom sells up to 1 ipation in its Prometheus Gas joint venture in importers of Russian gas. The other two are
bcm per year of gas to Greece on January 27, Gazprom has said. DEPA Commerce and Mytilineos.
the joint venture Prometheus Gas was set up as a joint venture Greece’s Gastrade is building a second, float-
between Gazprom Export and Greece’s Cope- ing LNG terminal near Alexandroupolis to fur-
louzos Bros Group in 1991, and receives up to ther reduce dependency on Russia. The facility
1bn cubic metres per year of Russian gas under is expected to be up and running by the end of
a long-term contract signed in 2017. It is chaired 2025. At that same point, a new 840-MW gas
by the general director of Gazprom Export, power plant is due to be commissioned at the
Elena Burmistrova. site, helping cut the use of coal in the country.
Gazprom did not say why it was considering A ground-breaking ceremony for the power sta-
withdrawing from the company. But Greece has tion was held earlier this month.
substantially cut Russian gas imports over the Greece has also reached out to Italy over the
past year, replacing these volumes with greater past year for gas storage space. The country lacks
LNG imports via its terminal on the island of any storage capacity of its own to support the
Revithoussa. Supply from Gazprom now covers estimated 7 bcm of annual demand it has. ™

Week 04 25•January•2023 www. NEWSBASE .com P9