Greece expects to take Russia's place in the European gas market, Financial Times writes. Against the backdrop of the EU's plans to completely abandon Russian gas by 2027, Athens is positioning itself as the southern gateway for LNG imports, mainly from the United States.
The country is betting on its geographical location, expanding liquefied gas receiving capacity and modernizing infrastructure. Energy Minister Stavros Papastavrou is actively advocating for strengthening ties with Washington, calling energy the anchor of transatlantic relations amid growing tensions between the US and Brussels.
In 2025, more than 80% of all imported LNG to Greece already came from America. Critics of this course warn that Europe risks simply replacing one geopolitical dependence with another. In addition, American LNG is structurally more expensive than pipeline gas from Russia and is subject to sharp price fluctuations in the global market.
If you add up the tariffs for transit through Greece, Bulgaria, Romania and Hungary <...>, the total amount becomes significant. It is currently too high for this route to be profitable in the long term.
