DESFA (National Natural Gas System Operator S.A.) is a

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

transmission system operator File:Electricity grid simple- North America.svg, 380px, Simplified diagram of AC electricity grid from generation stations to consumers rect 2 243 235 438 Power station rect 276 317 412 556 Transformer rect 412 121 781 400 Electric power transmis ...

Greece Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders with ...

. It was established on 30 March 2007 as a subsidiary of

DEPA Public Gas Corporation of Greece A.E. (DEPA; el, Δημόσια Επιχείρηση Αερίου (ΔΕΠΑ) Α.Ε.) commonly known for its Greek abbreviation DEPA ( el, ΔΕΠΑ, translit=DEPA) is the natural gas supply company of Greece. The r ...

. In addition to the transmission system, the company also operates Greece's gas distribution networks, and the Revithoussa LNG Terminal. On 11 June 2013, Azerbaijani oil company

SOCAR The State Oil Company of Azerbaijan Republic ( az, Azərbaycan Respublikası Dövlət Neft Şirkəti), largely known as SOCAR is fully state-owned national oil and gas company headquartered in Baku, Azerbaijan. The company produces oil and na ...

won the tender for acquisition of a 66% stake of DESFA for €400 million. Following Greece's January 2015 legislative election, the offered share was reduced to 49%. The deal, which was expected to be concluded by August 2015, failed in November 2016 as the last offer by SOCAR was rejected. The

HRADF The Hellenic Republic Asset Development Fund S.A. (HRADF; el, Ταμείο Αξιοποίησης Ιδιωτικής Περιουσίας του Δημοσίου, ''Tameio Axiopoiisis Idiotikis Periousias tou Dimosiou'') or TAIPED ( el, ΤΑΙΠ ...

issued a new tender on 1 March 2017 with updated conditions of eligibility, officially terminating the previous one. On 20 December 2018, Senfluga S.A., a consortium formed by

Snam Snam S.p.A. is an Italian energy infrastructure company. As of 31 December 2019, it had a market capitalization of €15.4 billion. Snam was originally a subsidiary of Italian energy company Eni. It has since become an independent company, who ...

(60%),

Enagás Enagás, S.A. (, originally an initialism for ) is a Spanish energy company and European transmission system operator (TSO), which owns and operates the nation's gas grid. The firm also owns four liquefied natural gas regasification terminals ...

(20%) and

Fluxys Fluxys is a Belgium-based company, mainly acting as a natural gas transmission system operator. In 2004, it employed around 850 people and its infrastructure comprised about of pipelines and a terminal in Zeebrugge, Belgium. The company is lis ...

(20%), completed the acquisition of a 66% stake in DESFA for an amount of €535 million.

Shareholders

As of January 2019: * Senfluga S.A. (a consortium formed by

(60%),

(20%) and

(20%)): 66% *

Government of Greece Government of Greece (officially: Government of the Hellenic Republic; also Greek Government or Hellenic Government)

: 33% As of January 2020: * Senfluga S.A. (a consortium formed by

(54%),

(18%),

(18%), and DAMCO - a Greek energy company- (10%)): 66% *

Government of Greece Government of Greece (officially: Government of the Hellenic Republic; also Greek Government or Hellenic Government)

: 33%

References

External links

* Oil and gas companies of Greece Natural gas pipeline companies Companies based in Athens Chalandri Greek brands {{energy-company-stub

Shareholders

See also

References

External links