DEPA

Not to be confused with Digital Economy Partnership Agreement.
DEPA
Native name
ΔΕΠΑ ΕΜΠΟΡΙΑΣ Α.Ε.
Dimósia Epicheírisi Aeríou (DEPA) A.E.
Company typestate-owned enterprise
IndustryNatural gas
Founded1988
Headquarters
Irakleio, Athens
,
Greece
Area served
Southeast Europe
Key people
Ioannis Papadopoulos (Chairman) Konstantinos Xifaras (CEO) (2019)
ProductsNatural gas
RevenueIncrease €1.696 million (2021)
Increase €332 million (2021)
Increase €262 million (2021)
Total assetsDecrease €1.069 billion (2021)
Total equityDecrease €639 billion (2021)
Owner
Greek State
(via HRADF)		(65%)
Hellenic Petroleum(35%)
Websitewww.depa.gr
Footnotes / references
in consolidated financial statement[1]

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, romanized: DEPA) 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 chairman is Ioannis Papadopoulos, and Konstantinos Xifaras is 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]

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 Attica area.[2]

In 2019, the privatization of DEPA was approved by the Greek Government,[8][9] and the company was split into three separate entities: DEPA Infrastructure, DEPA International Projects and DEPA Commercial.

  1. ^ a b "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 Commercial SA". HRADF. Archived from the original on 2018-09-15. Retrieved 2019-12-06.
  4. ^ "ΔΕΠΑ | Δημόσια Επιχείρηση Αερίου Α.Ε. | Επίσημος ιστότοπος". ΔΕΠΑ (in Greek). Retrieved 2019-12-06.
  5. ^ "Management Team".
  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. Archived from the original on 2018-09-07. 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 (29 November 2019). "Greece Plans Massive Investment in Switch to Cleaner Energy | GreekReporter.com". Retrieved 2019-12-06.