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DESFA
DESFA (National Natural Gas System Operator S.A.) is a natural gas transmission system operator in Greece. It was established on 30 March 2007 as a subsidiary of DEPA. 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 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 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 (60%), Enagás (20%) and Fluxys (20%), completed the acquisition of a 66% stake in DESFA for an amount of €535 million. In April 2025, DESFA and ...
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List Of Privatizations By Country
This list of privatizations provides links to notable and/or major privatizations. = Privatisation by country = Argentina * Aerolíneas Argentina (1990) – former national carrier; renationalized in 2009. * Agua y Energía Eléctrica (1992–95) – national electricity production company; partitioned and sold. * Buenos Aires Underground (1994) – given under concession but still owned by the State. * Empresa Nacional de Correos y Telégrafos (ENCoTel, 1997) – given under concession as Correo Argentino. Re-nationalized in 2003. * ENTel (national telecommunications company, 1990) – partitioned and sold to France Télécom and to Spanish Telefónica. * Fábrica Militar de Aviones (FMA, 1995) – sold to Lockheed Martin. * Ferrocarriles Argentinos (1991–95) – railway lines all over the country (partially re-nationalized). * Gas del Estado (1992) – national gas company partitioned and sold, among others, to the Spanish Gas Natural company Naturgy. * Obras Sa ...
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DEPA
Public Gas Corporation of Greece S.A. (corporation), A.E. (DEPA; ) commonly known for its Greek abbreviation DEPA () is the natural gas supply company of Greece. The registered office of the company is based in Irakleio, Attica, Irakleio, Athens. It operates within the jurisdiction of the Ministry of Development (Greece), Ministry of Development. The chairman is Ioannis Papadopoulos, and Konstantinos Xifaras is CEO. In 2005, in order to liberalise the natural gas market, DESFA was created as a fully owned subsidiary to transport natural gas within Greece. Since then, DEPA sells gas to large consumers and to the gas supply companies. Natural gas is imported by pipelines from Bulgaria and Turkey and by liquefied natural gas at the Revithoussa LNG Terminal. In May 2018 it was announced to sell DEPA's subsidiaries in Thessaly and Thessaloniki to Italian company Eni. It was reported that DEPA would only keep the gas operations in Attica area. In 2019, the privatization of DEPA was ...
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Snam
Snam S.p.A. is an Italian energy infrastructure company. As of 31 December 2023, it had a market capitalization of €15,611 million. Snam was originally a subsidiary of Italian energy company Eni. It has since become an independent company, whose largest shareholder is CDP Reti, a holding company controlled by the Italian state. The utility operates in Italy and, through associated companies, in Austria (TAG, GCA), France (Terēga), Greece (DESFA), the UAE (Adnoc Gas Pipelines) and the United Kingdom (Interconnector UK and dCarbonX Limited). It is one of the main shareholders of the Trans Adriatic Pipeline (TAP). Snam is the main Italian operator for the transport and dispatching of natural gas in Italy, having almost all the transport infrastructures in Italy, with 32,862 km of gas pipelines in operation in high and medium pressure (approximately 94% of the entire transport) and around 38,000 km including international activities. First in Europe for natural gas stor ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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Greek Legislative Election, January 2015
Parliamentary elections were held in Greece on 25 January 2015 to elect all 300 members of the Hellenic Parliament in accordance with the constitution. The election was held earlier than scheduled due to the failure of the Greek parliament to elect a new president on 29 December 2014. Syriza won a parliamentary election for the first time, winning 36% of votes and 149 seats, just two short of an absolute majority. The centre-right New Democracy (ND), the outgoing party of government, saw only a small decline from 30% to 28%, but in falling to second place suffered its worst showing to date in terms of seats. Five other parties passed the 3% electoral threshold to gain representation, all winning 5–6% of votes: the far-right Golden Dawn (XA), social-liberal To Potami, the Communist Party of Greece (KKE), right-wing populist Independent Greeks (ANEL), and centre-left PASOK. XA became the third largest party for the first time, while Potami debuted in fourth place. Formerly ...
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Natural Gas Pipeline Companies
Nature is an inherent character or constitution, particularly of the ecosphere or the universe as a whole. In this general sense nature refers to the laws, elements and phenomena of the physical world, including life. Although humans are part of nature, human activity or humans as a whole are often described as at times at odds, or outright separate and even superior to nature. During the advent of modern scientific method in the last several centuries, nature became the passive reality, organized and moved by divine laws. With the Industrial Revolution, nature increasingly became seen as the part of reality deprived from intentional intervention: it was hence considered as sacred by some traditions (Rousseau, American transcendentalism) or a mere decorum for divine providence or human history (Hegel, Marx). However, a vitalist vision of nature, closer to the pre-Socratic one, got reborn at the same time, especially after Charles Darwin. Within the various uses of the word t ...
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Oil And Gas Companies Of Greece
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from -4; we might wonder whether there's a point at which it's appro ...
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Energy In Greece
Energy in Greece is dominated by fossil gas and oil. Electricity generation is dominated by the one third state owned Public Power Corporation (known mostly by its acronym ΔΕΗ, or in English DEI). In 2009 DEI supplied for 85.6% of all electric energy demand in Greece, while the number fell to 77.3% in 2010. Almost half (48%) of DEI's power output in 2010 was generated using lignite. 12% of Greece's electricity comes from hydroelectric power plants and another 20% from natural gas. Between 2009 and 2010, independent companies' energy production increased by 56%, from 2,709 Gigawatt hour in 2009 to 4,232 GWh in 2010. In line with the European Commission's Directive on Renewable Energy, Greece aims to get 18% of its overall ''energy'' from renewable sources by 2020.In 2015, according to the independent power transmission operator in Greece (ΑΔΜΗΕ) more than 20% of the electricity in Greece was produced from renewable energy sources and hydroelectric powerplants. This perc ...
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Government Of Greece
The Government of Greece (Greek language, Greek: Κυβέρνηση της Ελλάδας), officially the Government of the Hellenic Republic (Κυβέρνηση της Ελληνικής Δημοκρατίας) is the collective body of the Greek state responsible to define and direct the general policy of the country. It exercises the Executive (government), executive powers alongside the President of Greece, president of the republic and it is constituted by the Cabinet of Greece, cabinet (officially: Cabinet of Greece, ministerial council) which is composed by the prime minister, the Minister (government), ministers and the Deputy minister, deputy ministers. Other collective government bodies, apart from the Ministerial Council, are the Committee on Institutions, the Government Council for Foreign Affairs and Defence and others, which manage particular government policy issues. See also * Second Cabinet of Kyriakos Mitsotakis * List of ministries of Greece * List of prime ...
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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 listed on Euronext Brussels market. History The company was created in 2001 from the breakup of Distrigas into two entities (the other entity has kept the name Distrigas). Suez held as much as 57.25% of Fluxys shares prior to its 2008 merger with Gaz de France to form GDF Suez (now Engie), but was obligated to reduce its stake to satisfy the concerns of the European Commissioner for Competition. Engie still retains 44.75% of Fluxys as of July 2008. As of 7 April 2014, when ice precludes the LNG shipments from Yamal LNG at Sabetta along the Northern Sea Route, the Fluxys terminal at Zeebrugge will serve Russia as its LNG port for the Asia-Pacific region. Ukrainian National Agency on Corruption Prevention included Fluxys in the list ...
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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 in the country, at Huelva, Barcelona, Cartagena, and Gijón. In addition, it owns 50% of the plant BBG (Bilbao) and 72.5% of the Saggas terminal in Sagunto. The chairman of Enagás is Antonio Llardén Carratalá and his chief executive officer is Arturo Gonzalo Aizpiri. The firm's headquarters are located in Madrid. Apart from Spain, Enagás has presence in Mexico, Perú, Chile, Sweden and in the Trans Adriatic Pipeline (TAP) European project. The company was founded in 1972 by the Spanish Government with the aim of creating a nationwide network of gas pipelines. After privatisation in 1994, Gas Natural acquired a controlling stake in the company. Since Enagás demerged in 2002, Gas Natural gradually decreased its stake to 5%, the ...
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Hellenic Republic Asset Development Fund
The Hellenic Republic Asset Development Fund (HRADF; , ΤΑΙΠΕΔ) is a Greek state-owned asset management company that controls a number of state owned enterprises. It is a direct subsidiary of the Hellenic Corporation of Assets and Participations. HRADF exploits the assets of Greece that have been assigned to it and manages the implementation of the privatization program in Greece, specifically, the implementation of the Asset Development Plan (ADP). Portfolio Infrastructure * Public Power Corporation S.A. (government retains 34.12% owned by Greek government) * Piraeus Port Authority (government retains 7.14%) * Thessaloniki Port Authority (government retains 7.27%) * Marinas of Hydra, Poros and Epidavros * Marinas of Chios and Pylos * Athens International Airport (government retains 25%; privatisation of 30% stake held by the ''Hellenic Republic Asset Development Fund'' is in progress) * Schinias Olympic Rowing and Canoeing Centre * Markopoulo Olympic Equestrian ...
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