ATHENS – Greece’s Environment and Energy Ministry is considering storing natural gas in Italy and Bulgaria to ensure sufficient supply for the 2022-2023 winter season, it was reported on Saturday.
The European Commission presented its proposals last week, obliging member states to ensure that their underground gas storage reserves are paid for at least 80% of their capacity by November 1, 2022, a percentage that will reach 90%. in the coming years it was added.
EU Member States without gas storage facilities have until November 1st this year to reach agreements with countries that do have storage facilities for amounts equivalent to 15% of annual gas consumption. In the case of Greece, the annual consumption of natural gas in 2020 was 5.8 billion cubic meters, which means that a stored quantity of 0.9 billion cubic meters has to be secured.
Bulgaria has a natural gas storage facility to which the Hellenic Gas Transmission System Operator (DESFA) is connected, with a second connection point soon to be operated by the Greek-Bulgarian IGB pipeline. However, Bulgaria’s underground storage facility has a relatively limited capacity of 0.6 billion cubic meters, it has been found.
The storage capacity in Italy is of the order of 20 billion cubic meters, which connects Greece via Albania to the TAP pipeline, with required volumes being secured on the basis of exchange contracts.