Greece s new outdoor power supply field

Will Greece become a regional gas hub?

Greece’s aspiration to become a regional gas hub has been tempered by increasingly stringent climate targets and efforts to reduce the use of natural gas as part of the EU’s response to the Ukraine war. The country has now pivoted towards becoming a green energy powerhouse at the intersection of regional and trans-continental electricity flows.

Is Greece a regional energy player?

In recent years, following the financial crisis and pandemic, Greece has emerged as a regional energy player, with major planned investments in natural gas infrastructure and electricity grid interconnections and upgrades.

What infrastructure upgrades are coming to Greece?

Liquefied Natural Gas (LNG) Infrastructure upgrades include the Revithoussa LNG Terminal, which facilitates 30-40% of Greece’s total gas needs. The Alexandroupoli FSRU, operated by Gastrade, started commercial operations in October 2024 and increases Greece’s import capacity considerably.

Can Greece become a net exporter of energy?

Through leveraging LNG imports and pursuing projects that will facilitate the northward flow of gas using existing pipeline infrastructure, Greece is moving towards its ambitious goal of becoming a net exporter of energy to the region and beyond.

When will the 840mw Alexandroupolis power plant be built?

The start of construction of the 840MW Alexandroupolis power plant was officially announced in January 2023. Credit: Copelouzos Group. The Alexandroupolis combined-cycle power plant (CCPP) is being built with an installed capacity of 840MW in the industrial area of Alexandroupolis, Greece.

When will Greece's new lignite power plant start operation?

The power plant is expected to begin operations by the end of 2025, with an annual power production of 5TWh. The new plant is expected to replace the power generated by three lignite plants that are being decommissioned in Greece.