The website of Forbes reports that Greece is looking into alternative options for the supply of natural gas for the winter ahead in case Russia decides to interrupt the supply of natural gas because of developments around Ukraine.
Forbes is making reference to “the deep dependence of Greece from Russia for the supply of natural gas on 60% of the total domestic demand,” and stresses that “Greece is seeking solutions both outside and within the country, including new supply agreements as well as potential domestic production. ”

inter alia also states that “for Athens, this would mean a greater emphasis on the supply of natural gas from Azerbaijan and strengthening of liquefied natural gas reserves, which resulted in a letter from Minister of Energy Mr. Yannis Maniatis, to the Commissioner for Energy Mr. Guenther Oettinger, last week, by which Greece sought some assurances that for surplus of liquefied natural gas, in case of a delay or interruption of imports from Russia. ”

Further, it is indicated that “the increase in stocks of liquefied natural gas is not likely to make much difference immediately as they need and adequate infrastructure. However, it was “stressed” that in long term Greece is likely to win the EU support for the creation of appropriate infrastructure for the storage of liquefied natural gas, as part of efforts for energy security of the Member States of the EU. ”

Finally, the article made reference to Greece’s efforts to increase domestic production “to reduce its dependence on costly imports, first exploring the existence of natural gas reserves and also making a concerted effort to become a hub for the transport of newly discovered gas reserves of Eastern Mediterranean to Europe. “