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 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 ...

supply company of

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 ...

. The registered office of the company is based in Irakleio,

Attica Attica ( el, Αττική, Ancient Greek ''Attikḗ'' or , or ), or the Attic Peninsula, is a historical region that encompasses the city of Athens, the capital of Greece and its countryside. It is a peninsula projecting into the Aegean Se ...

. It operates within the jurisdiction of the Ministry of Development. The current chairman is Ioannis Papadopoulos while Konstantinos Xifaras serves as CEO. In 2005, in order to liberalise the natural gas market,

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 ...

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 Bulgaria (; bg, България, Bǎlgariya), officially the Republic of Bulgaria,, ) is a country in Southeast Europe. It is situated on the eastern flank of the Balkans, and is bordered by Romania to the north, Serbia and North Macedon ...

and

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...

and by

liquefied natural gas Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volu ...

at the Revithoussa LNG Terminal. In May 2018 it was announced to sell DEPA's subsidiaries in

Thessaly Thessaly ( el, Θεσσαλία, translit=Thessalía, ; ancient Thessalian: , ) is a traditional geographic and modern administrative region of Greece, comprising most of the ancient region of the same name. Before the Greek Dark Ages, Thes ...

and

Thessaloniki Thessaloniki (; el, Θεσσαλονίκη, , also known as Thessalonica (), Saloniki, or Salonica (), is the second-largest city in Greece, with over one million inhabitants in its Thessaloniki metropolitan area, metropolitan area, and the capi ...

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 approved by the Greek Government, and the company was split into three separate entities: DEPA Infrastructure, DEPA International Projects and DEPA Commercial.

Splitting and Privatisation

DEPA was split in 2019 into three separate entities: *DEPA Infrastructure: Includes DEPA's shareholding in the management companies of the gas distribution networks in Greece, the fixed assets of the distribution networks, the fiber optic network owned by DEPA and the rights and obligations of DEPA in natural gas distribution networks (compressed or liquefied), in addition to its participation in international projects. *DEPA International Projects: Includes DEPA's participations in international projects. *DEPA Commercial: Mainly deals with the import and supply of natural gas and electricity, as well as possible rights and obligations of DEPA in international projects (e.g. quantity commitments in transnational pipelines). 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 ...

, which before the split owned 65% of DEPA shares (the remaining 35% belonging to

Hellenic Petroleum Hellenic Petroleum S.A. is one of the largest oil companies in Southeast Europe and with its roots dating to 1958 with the establishment of the first oil refinery in Greece (Aspropyrgos). It adopted its current name in 1998, changing from the P ...

), will proceed with the privatisation of only DEPA Infrastructure and DEPA Commercial (HRADF holds 65% of each company's shares, with 35% of the remaining shares in each company being held by Hellenic Petroleum). The only exception is DEPA International Projects, where the HRADF will transfer its 65% shareholding to the Greek State. On 10 December 2021,

Italgas Italgas S.p.A. is an Italian company specialised in the distribution of natural gas. It is listed on the Milan Stock Exchange and included in the FTSE MIB index. History The company was founded in Turin in 1837 under the name ''Compagnia di ...

signed the sale and purchase agreement for the acquisition of 100% of DEPA Infrastructure.

Subsidiaries

* ΕDA Attikis A.E. (51%) * EDA Thess A.E. (51%)

References

External links

* Oil and gas companies of Greece Privatization in Greece 1988 establishments in Greece Companies established in 1988 Government-owned companies of Greece Greek brands {{energy-company-stub

Splitting and Privatisation

Subsidiaries

See also

References

External links