Russian gas imports in Greece exceeded pre-war levels in Ukraine

The Russian in Greece exceeded the pre-war levels in Ukraine, according to Green Tank. The energy crisis, which intensified from the war in Ukraine, resulted in a significant reduction in Russian gas imports from Turkstream as early as April 2022. This is reflected in the 86.2% reduction in Russian gas from that pipeline during the mandatory reduction target period (August 2022 – March 2023) compared to the same period of the previous year. Russian natural gas in the form of LNG (liquidated natural gas) was first introduced into Greece in October 2022, a few months after the start of Russia’s war in Ukraine. By mid-2023, the first source of imports into the country was the LNG (except Russian LNG) from the Holy Trinity portal. June 2023 was the first month in which Russian gas (from pipelines and LNGs) became the first source of imports with a 46% share, followed by LNG from all other countries except Russia (share 37%). In fact, this continued for all other months of 2023 until February 2024. It is worth noting that from June 2023 to February 2024, total imports of Russian gas were at least 24.8 TWh, i.e. 30% more than the corresponding period before the Russian invasion of Ukraine (19.07 TWh between June 2021 and February 2022). Therefore, it can be noted that Russian imports of natural gas not only increased, but also exceeded levels prior to the energy crisis. Russian imports of liquefied natural gas played an important role in this, as during the period June 2023 – February 2024 at least 29.2% of total Russian imports of natural gas were in the form of liquefied natural gas.