DEPA

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 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
Δημόσια Επιχείρηση Αερίου (ΔΕΠΑ) 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
Revenue €885 million (2016)
€159 million (2016)
€131 million (2016)
Total assets €3.148 billion (2016)
Total equity €1.803 billion (2016)
Owner
Greek State
(via HRADF)
(65%)
Hellenic Petroleum(35%)
SubsidiariesDESFA (100%)
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]

Subsidiaries

As of 31 December 2016[1]:43
  • DESFA (100%)
  • ΕDA Attikis A.E. (51%)
  • EDA Thess A.E. (51%)

See also

References

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