The easternmost countries of the Region are greatly dependent on imports from Russia, as shown by the modelling results in the case of a disruption of flows via Ukraine (see Chapter 7). LNG is an important source for Italy and Greece. Figure 4.4 that shows the relative importance of the infrastructure in place (several LNG projects in Italy and the ongoing project of the 2 nd extension of the Revithoussa terminal in Greece together with the construction of a 3 rd storage tank) and the one planned (such as the LNG terminal in northern Greece/Alexandroupolis, the Krk LNG terminal in the Adriatic and the Porto Empedocle LNG – all of them non FID however), indicates that a further increase is possible. The rate of use of LNG will also depend on its price evolution. High demand from the far-east and prospects for the increase of LNG exports by the USA, are factors working in opposite directions (see also paragraph 4.3 below).
Figure 4.4: Relative capacity of existing, FID and non-FID LNG terminals in the Region
Other important import sources include North African gas to Italy by pipeline (Trans- med from Algeria and Green Stream from Libya). Norwegian gas also reaches North- ern Italy through the connections with neighbouring countries at the north. Figure 4.5 shows that gas supply to the Region as a whole is rather well diversified. However the aggregation at the Regional level conceals the fact that four countries (Bulgaria, Croatia, Hungary) depend on Russian gas for more than 80% of their supply.
Russia National Production Unknown* LNG Algeria Azerbaijan
* “Unknown“ mainly (87%) represents imports to Austria
Figure 4.5: Diversification of supply in the Southern Corridor Region in 2015