New European LNG Projects.
The Ukrainian crisis and activation of the Trans-Adriatic Pipeline (TAP) has resulted in a commotion on the South-East European gas market
with regards to the viability of several LNG projects which could
facilitate establishment of a natural gas hub in the region and enchase
local energy security. Greece already operates the Revythousa LNG
terminal close to Athens which mainly imports from Algeria and aims to
be able to have FLNG vessels for over 2 BCM/y. Turkey operates two LNG
terminals, one in the Marmara Sea near Istanbul and another in Izmir,
supplied by Nigeria, Qatar and other sources. And Turkey is boosting
efforts to build another terminal close to its borders with Greece,
likely to be supplied by Qatar. Should this prove successful, it could
be coupled with the recently signed Turkish-Bulgarian inter-connector,
providing leverage for Turkey to become the preferred supplier of
non-Russian gas to South-Eastern Europe.