EGL Delivers First LNG Cargo To Greece

abarrelfullabarrelfull wrote on 15 Aug 2011 12:46
Tags: egl greece lng

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For the first time EGL has delivered an LNG (liquefied-natural-gas) cargo to Greece. The cargo was unloaded recently in two discharges at Greece's LNG terminal, located on the island of Revithoussa, west of Athens. EGL's first LNG delivery to the Greek natural gas market is a further step in expanding gas activities in South East Europe.

Markus Brokhof, Head of the Gas Supply & SEE division and Member of Executive Management of the EGL Group, says: "Besides the Greek electricity market, we are also planning to grow sustainably in the gas market over the next years. With the LNG cargo EGL has laid a first cornerstone in Greece for further successful supply of the growing Greek gas market."

"EGL can provide wholesale customers such as power plant operators and industrial clients with gas products tailored to their needs - we are benefiting from our local presence in the power sector,” says George Peponis, Managing Director of EGL Hellas. Greek natural gas consumption is mainly driven by electricity generation. Greece imports most of its natural gas via its pipeline connections with Bulgaria and Turkey. In addition, Greece has been importing LNG via the Revithoussa terminal since 1999, primarily under the long-term contracts of the public gas corporation DEPA. Since 2010, Revithoussa is also open for other companies importing LNG into Greece.

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