Greece is positioning itself as Europe’s southern gateway for liquefied natural gas (LNG) imports, primarily from the United States, as the European Union prepares to ban Russian gas by 2027.
Before the 2022 invasion of Ukraine, Russia supplied around 40% of EU gas. By 2024, this fell to 11%, with US LNG now accounting for nearly 60% of EU LNG imports.
Stavros Papastavrou, Greece’s Energy Minister, said: “We are no longer going to fund the attacker.” Since taking office in 2025, he has prioritised closer energy ties with Washington, calling US energy a “structural pillar” of Europe’s security.
Key developments:
• Expansion of the Revithoussa LNG terminal near Athens.
• Increased long-term LNG bookings through to 2040.
• Over 80% of Greece’s LNG imports in 2025 sourced from the US.
• Ongoing talks with Chris Wright, US Energy Secretary, on the Vertical Corridor.
However, analysts including Julian Bowden, Oxford Institute for Energy Studies, warn high transit tariffs and price volatility could challenge long-term viability.
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