Greece will supply Europe with gas - The project envisages the transportation of about 25 billion cubic meters per year
Greece's strategy to use the existing natural gas infrastructure in the Southeastern European region in a reverse flow is on track to be implemented. The gas will flow from south to north, in order to enable resource diversification in the countries of the region, and not from north to south, as was planned many decades ago for the transportation of Russian resources.
Through the so-called "Vertical Corridor", natural gas from the Greek terminals in Revithoussa and Alexandroupoli will enter Bulgaria and from there continue to Romania, to reach Hungary and Slovakia in the west, as well as Moldova and Ukraine in the east.
Upon completion of the project, approximately 20-25 billion cubic meters of gas will be transported through this axis annually from south to north. This will make Greece a key player in achieving the region's energy independence from Russia, while simultaneously improving its geopolitical role in relation to Turkey.
The first significant step in implementing the Vertical Gas Corridor strategy was taken in Kresna, Bulgaria, with the official inauguration of the construction of a major branch of the Bulgarian network.
This key project is expected to be completed within the first quarter of 2026 and is related to the expansion of capacity from Greece to Bulgaria (with the Sidirokastro interconnection point) and from Bulgaria to Romania (with the Kresna interconnection point). The operation of this corridor will offer the possibility of transporting increasing quantities of natural gas from south to north.
A second important development towards the implementation of this geostrategic project is the agreement of the nine operators promoting the project for uniform transit tariffs. Operators from Ukraine, Moldova, Romania, Bulgaria and Greece held the first auction to reserve 31 gigawatt hours/day of capacity with delivery from Athens to Kiev in June, at a single transit price.
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