Greece records record production from renewable energy sources
Greece has seen record electricity production from renewable energy sources this year exceeding the corresponding production from natural gas, without taking into account the contribution of large hydroelectric plants whose exports are expected to reach 3 billion cubic meters This year.
The structural upheavals in the energy market caused by the international crisis also include the fact that Greece has become an energy exporter and an energy conduit for the Balkan countries, supporting their energy supply with liquefied natural gas infrastructure.
The Minister of Environment and Energy, Kostas Skrekas, underlined that with the increase in RES, Greece has for the first time a comparative advantage in the production of electricity because it has twice as much of solar radiation compared to northern Europe. He estimated that the production of “green” energy will result in savings of more than 2 billion euros in 2023 thanks to the substitution of imports of natural gas.
The development of natural gas exports is also impressive, with the liquefied natural gas storage and gasification infrastructure at Revythoussa playing a prominent role. Skrekas recently told the Ministerial Council of the International Conference on Natural Gas in Bucharest that the country exported 0.7 billion cubic meters of natural gas last year, while this year it is already approaching 2 billion. .
In addition, the country’s export potential will be strengthened with the commercial operation of the Greek-Bulgarian gas pipeline which began on October 1 and the commissioning, in 2023, of the new floating liquefied natural gas station in Alexandroupolis.