Greece will enjoy lower natural gas bills in the coming years as the country emerges into a transit hub for natural gas in Southeastern Europe, Maria Rita Galli, CEO of DESFA told reporters.
She attributed this forecast to an increase in the use of the system for natural gas exports to the Balkans and said that preliminary requests for the use of the Greek grid exceed consumption volume not only of Greece but of the whole Southeaster Europe.
Galli said that the average price per MWh in 2022 was 1.78 euro, rising to 2.1 euros in 2023, but was expected to fall to 1.9 euro in 2024, 1.77 euro in 2025, 1.73 euro in 2026 and 1.89 euro in 2027.
Clear evidence over the level of use of the Greek grid by companies interested in exporting natural gas through Greece to the Balkans were offered by the first (non-binding) phase of a market test conduced recently by DESFA with the participation in 27 companies of which 45% are based in the EU (37% in Greece) and the rest in third countries. A binding phase of the market test will be conducted by the end of 2023, early 2024.
Galli said that DESFA has started a survey on supply safety for next winter and noted that things stand in a better position than last year as natural gas deposits in Europe are full. She noted that prices will depend on temperatures.