Public Gas Corporation of Greece A.E.[1] (DEPA; Greek: Δημόσια Επιχείρηση Αερίου (ΔΕΠΑ) Α.Ε.) commonly known for its Greek abbreviation DEPA[2] (Greek: ΔΕΠΑ, romanizedDEPA) is the natural gas supply company of Greece.[3] The registered office of the company is based in Irakleio, Athens.[4] It operates within the jurisdiction of the Ministry of Development. The current chairman is Ioannis Papadopoulos while Konstantinos Xifaras serves as CEO.[5] In 2005, in order to liberalise the natural gas market, DESFA was created as a fully owned subsidiary to transport natural gas within Greece.[6] 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.[7]

DEPA
Native name
ΔΕΠΑ ΕΜΠΟΡΙΑΣ Α.Ε.
Dimósia Epicheírisi Aeríou (DEPA) A.E.
state-owned enterprise
IndustryNatural gas
Founded1988
Headquarters,
Greece
Area served
Southeast Europe
Key people
Ioannis Papadopoulos (Chairman) Konstantinos Xifaras (CEO) (2019)
ProductsNatural gas
RevenueDecrease €885 million (2016)
Increase €159 million (2016)
Increase €131 million (2016)
Total assetsDecrease €3.148 billion (2016)
Total equityIncrease €1.803 billion (2016)
Owner
Greek State
(via HRADF)
(65%)
Hellenic Petroleum(35%)
Websitewww.depa.gr
Footnotes / references
in consolidated financial statement[1]

In May 2018 it was announced to sell DEPA's subsidiaries in Thessaly and Thessaloniki to Italian company Eni.[2] It was reported that DEPA would only keep the gas operations in Athens area.[2]

In 2019 the privatization of DEPA was approved by the Greek Government.[8][9]

SubsidiariesEdit

As of 31 December 2019[1]:43
  • ΕDA Attikis A.E. (51%)
  • EDA Thess A.E. (51%)

See alsoEdit

ReferencesEdit

  1. ^ a b c "Annual Financial Statements for the year from 1 January 2016 to 31 December 2016" (PDF). DEPA. 2017. Archived from the original (PDF) on 27 February 2018. Retrieved 17 May 2018. translated from Greek original
  2. ^ a b c "Greece's DEPA to sell stake in gas supplier to Eni". Reuters. 16 May 2018. Retrieved 17 May 2018.
  3. ^ "DEPA Commerial SA". HRADF. Retrieved 2019-12-06.
  4. ^ "ΔΕΠΑ | Δημόσια Επιχείρηση Αερίου Α.Ε. | Επίσημος ιστότοπος". ΔΕΠΑ (in Greek). Retrieved 2019-12-06.
  5. ^ https://www.depa.gr/group-structure/management-team/?lang=en
  6. ^ ""The new shareholding structure enables DESFA to move one-step forward": An Exclusive Interview With CEO Nicola Battilana". South EU Summit. 2019-04-04. Retrieved 2019-12-06.
  7. ^ "Can Greece jump on the gas-transit train?". www.petroleum-economist.com. Retrieved 2019-12-06.
  8. ^ Press (2019-12-05). "Σε ΦΕΚ ο νόμος για την αγορά ενέργειας και τον εκσυγχρονισμό της ΔΕΗ". patrastimes.gr (in Greek). Retrieved 2019-12-06.
  9. ^ Kokkinidis, Tasos. "Greece Plans Massive Investment in Switch to Cleaner Energy | GreekReporter.com". Retrieved 2019-12-06.

External linksEdit