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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 registered office of the company is based in Irakleio, Attica. 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 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 Attic ...
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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 Illuminazione a Gaz per la Città di Torino'' (City of Turin Gas Lighting Company) and later changed its name several times, first becoming ''Società Italiana per il Gas'' (Italian Gas Company) and then Italgas S.p.A. Catholic financiers, led by Bernardino Nogara, took an interest in Italgas during the years leading up to the Second World War. Among the company's chairmen was lawyer and entrepreneur Rinaldo Panzarasa. In 1967 control of the company passed to Snam, a member of the Eni Group. Under chairman Carlo Da Molo, Italgas undertook an extensive campaign to build methane distribution infrastructure, expanding considerably in Central and Southern Italy. In addition to strengthening its presence in the natural gas sector, the company ...
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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 Public Petroleum Corporation S.A. ( el, DEP), as the result of a corporate reorganization. It is a consortium of 6 subsidiaries and a number of additional companies of which it has varying degrees of management control. Activities Refineries and gas stations Hellenic Petroleum operates three refineries in Greece, in Thessaloniki, Elefsina and Aspropyrgos, which account for 57% of the refining capacity of the country (the remaining 43% belongs to Motor Oil Hellas). Also owns OKTA facilities in Skopje, Republic of North Macedonia for transportation and marketing of petroleum products. Crude oil for the refineries is supplied from Saudi Arabia, Iraq, Iran, Libya and Russia. The company also operates over 1700 gas stations in Greece under ...
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Hellenic Republic Asset Development Fund
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, ΤΑΙΠΕΔ) 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, and in specific, 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) * ...
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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. Shareholders As of Ja ...
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State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ...
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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 volume of natural gas in the gaseous state (at standard conditions for temperature and pressure). LNG is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia. The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately ; maximum transport pressure is set at around ( gauge pressure), which is about one-fourth times atmospheric pressure at sea level. The gas extracted from underground hydrocarbon deposits contains a varying m ...
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Companies Established In 1988
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial p ...
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1988 Establishments In Greece
File:1988 Events Collage.png, From left, clockwise: The oil platform Piper Alpha explodes and collapses in the North Sea, killing 165 workers; The USS Vincennes (CG-49) mistakenly shoots down Iran Air Flight 655; Australia celebrates its Bicentennial on January 26; The 1988 Summer Olympics are held in Seoul, South Korea; Soviet troops begin their withdrawal from Afghanistan, which is completed the next year; The 1988 Armenian earthquake kills between 25,000-50,000 people; The 8888 Uprising in Myanmar, led by students, protests the Burma Socialist Programme Party; A bomb explodes on Pan Am Flight 103, causing the plane to crash down on the town of Lockerbie, Scotland- the event kills 270 people., 300x300px, thumb rect 0 0 200 200 Piper Alpha rect 200 0 400 200 Iran Air Flight 655 rect 400 0 600 200 Australian Bicentenary rect 0 200 300 400 Pan Am Flight 103 rect 300 200 600 400 1988 Summer Olympics rect 0 400 200 600 8888 Uprising rect 200 400 400 600 1988 Armenian earthquake rect ...
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Privatization In Greece
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationali ...
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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) & 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 Latin ''oleum'', which in turn comes from the Greek (''elaion'') ...
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Energy In Greece
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has mass w ...
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Kathimerini
''Kathimerini'' (Greek: Η Καθημερινή, pronounced kaθimeriˈni meaning ''The Daily'') is a daily, political and financial morning newspaper published in Athens. Its first edition was printed on September 15, 1919. and it is considered the leading newspaper in Greece, with both the highest circulation and a strong digital presence. It is published in Greek and there is also an English edition, both print and digital. ''Kathimerini English Edition'' is published in Greece and Cyprus along with the ''New York Times International''. ''Kathimerini'' also produces a wide range of leading magazines, including ''Vogue Greece'' with ''Conde Nast International'', as well as publications for The Walt Disney Company Greece. Considered Greece's paper of record, ''Kathimerini'' traditionally identifies with a broad range of the political spectrum, from the liberal center to the moderate right, while covering the positions and hosting analyses from all the main political parties an ...
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