The first step towards the transition to the post-Russian gas era is the rehabilitation plan developed by the Ministry of Environment and Energy, describing the general guidelines for replacing the quantities that are currently arriving in the country.

Following the European Union Decision in December 2025 on the definitive cessation of Russian gas, Member States were obliged to submit national recovery plans by 1 March 2026.

For its part, Greece, as indicated by the competent sources of the RIS, has complied with the obligation within the planned timetable, with the plan setting general guidelines for the substitution of quantities. Further specialization of the project will follow in terms of measures and policies, with the relevant «exercise» roll out a time product and approach closer to the relevant end-times «milestones» which have been set European for the gradual rehabilitation of Russian hydrocarbons. Russian gas in Greece According to the latest data available from the DESFA, in the first quarter, imports of gas from Moscow via a Iron Coat moved on 8.77 TWh, i.e. about 33% of imports.

In relation to domestic consumption (20.43 TWh) the share of Russian gas was formed at about 43%. More specifically, the project under the Commission's approval concerns an overall mapping of the situation, which in turn reflects the possibility for each Member State to cope effectively with the loss of quantities currently coming from the East.

In this light, as they specify competent sources with knowledge of the relevant «template», Member States were asked to record first, the availability of their infrastructure, including any needs for new infrastructure and, secondly, sources of gas supply, without however entering into details of exactly how the quantities of Russian gas withdrawn from the national market will be replaced. In the case of Greece, as the same sources point out, both the market image and the data confirm the possibility of a smooth transition to the post-Russian gas era.

In other words, «We have capacity proficiency to fill the gap that will arise», as the same sources point out, referring both to the possibility of supplying multiple loads of liquefied natural gas and conductive gas from Azerbaijan through the Trans-Dental TAP pipeline. Although liquefied natural gas, as the same sources point out, will be the key pillar for substituting Russian gas quantities, however, the Greek plan is not strictly limited to alternatives to natural gas, but attempts to set up more comprehensive interventions to reduce fuel gravity in the country's energy mix.

The replacement of natural gas reserves is a difficult equation

An undertaking with high requirements and more uncertainties is developing to replenish natural gas reserves in Europe's underground warehouses, with key analyses converging on increased costs.

For example, the financial director of Equinor Torgrim Reitan stressed, among other things, that Europe will have difficulty filling in the natural gas depots at 80% before the start of next winter, appreciating unfavorable price spreads and lower than expected filling levels.

He notes that price formation on the market, where contracts with a nearest expiry date are more expensive than those for the next winter, does not provide incentives for storing natural gas at present. «So we believe that gas stores will probably not reach the 80% target set. This means that, in future, the European gas market will be vulnerable to weather phenomena and operational issues.», add.

Regarding the effects of the war, Reitan noted that there does not appear to be an oversupply of LNG during this decade, as expected 6 months ago, and added that Europe needs to buy LNG to cover its demand. The fullness of European warehouses is only 33.8%, a level significantly below the average of the last five years, which is 55%, recording the largest gap in the last nine years.

Σε κάθε περίπτωση, το επικρατέστερο σενάριο θέλει την Ευρώπη να επιδίδεται σε έναν αγώνα δρόμου αρχής γενομένης από τον Μάιο για να εξασφαλίσει τα απαιτούμενα φορτία για την αναπλήρωση των αποθηκών, με τις τιμές να κυμαίνονται κατά 45%- 50% υψηλότερα και πάντα υπό την αίρεση των εξελίξεων επί του πεδίου, με δεδομένο «τα χειρότερα» στην περίπτωση που συνεχίσει σε μάκρος η σύγκρουση στον Περσικό Κόλπο


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