Industry’s back to natural gas

The combination of the de-escalation of natural gas rates and the mild winter has reversed the conditions shaped by the energy crisis in relation to domestic gas consumption, exports and LNG cargoes at the port of Revithoussa, the role of Russian natural gas and the shares of industrial fuels.

The figures gas grid operator DESFA is expected to publish on Tuesday, concerning the first quarter of the year, show industries returning to natural gas, with its consumption increased by 650% compared to the corresponding quarter last year and after a decrease of around 70% on last year's total, a result of the search for cheaper fuel. 

Total consumption by industries reached 5.4 terawatt-hours in January-March, from 0.72 TWh in the first quarter of 2022. More than half (52.7%) of consumption (9.3 TWh) came from power producers, which however is decreased by 2.43 TWh compared...