Greece to Build New LNG Terminal in Thrace Amid EU Funding Challenges
Greece's role in Europe's energy supply is becoming increasingly important due to the shift away from Russian energy. A new LNG terminal is planned in Thrace, where an existing terminal already allows for the import and gasification of LNG. The new terminal aims to import LNG from the United States, directing supplies to Eastern and Central Europe. However, construction faces challenges as the EU has decided not to fund gas infrastructure projects, categorizing natural gas as non-renewable energy.
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Greece's eastern region, Thrace, is set to enhance its role in Europe's energy supply with the construction of a new LNG terminal to import liquefied natural gas (LNG) from the United States. This follows the operational terminal that allows LNG carriers to gasify and transfer their cargo to pipelines.
The new terminal is expected to facilitate gas supplies to Eastern and Central Europe, regions heavily reliant on Russian gas. However, the project faces challenges as the EU has opted not to provide funding for gas infrastructure due to its classification of natural gas as non-renewable energy. A multilateral meeting regarding the vertical gas corridor connecting Greece to Central Europe is scheduled for February 24 in Washington, which will involve the European Commission.
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