Single European approach to payments to Gazprom for the market natural gas and clarification of the payment model that does not violate the framework of European sanctions against Russia is expected by the government, but also the energy market from today Extraordinary meeting of the Council of Energy Ministers in Brussels.
According to the APE-MPE, sources of the Greek energy companies that have transactions with the Russian gas supply company Gazprom send a message of compliance with the framework that will be set by the European Unionhowever, point out the need for this framework to be clarified as soon as possible and before the end of May, when the next payments to the Russian company are planned.
“The next payments to Gazprom will be made in the third 10 days of May. By then, the attitude of both EU states and EU companies will have been fully clarified. “As for the technical issue of payment, ie conversion of the euros – with which we paid and will continue to pay – into rubles as requested by the Russian company.”is the official position of the government as expressed by government spokesman Giannis Oikonomou.
At the same time, the Ministry of Environment and Energy in cooperation with all energy market players is preparing for all possibilities, including the scenario of the cessation of gas flow from Russia and the expected (due to weather conditions) increase in demand as we approach to summer.
A milestone for the security of energy supply is the addition of the new floating liquefied natural gas (LNG) tank in Revythousa, which – according to the current schedule – is expected to be put into operation in July. The new tank increases the storage capacity of Revythousa, to more than 380,000 cubic meters (from the current 225,000). The addition of the tank on the one hand increases the capacity of the station but mainly increases the flexibility of the LNG supply chain. That is, there will be the possibility of accommodating ships in periods when the fixed tanks are full, so there will be the possibility of accommodating more ships in a period when the international demand for LNG cargo is increased.
The “arsenal” for dealing with a possible gas supply crisis also includes:
-Use of diesel oil instead of natural gas in the power plants, power 1.7 gigawatts that can be operated with alternative fuel.
-Ensuring the required quantities of lignite for the supply of PPC power plants.
– Securing additional loads of Liquefied Natural Gas.
-Exploring the possibility of supplying additional quantities of natural gas from Azerbaijan, through the TAP pipeline.
Source: News Beast
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