DESFA
 | |
| Type | subsidiary |
|---|---|
| Industry | Oil and gas |
| Founded | 30 March 2007 |
| Headquarters | , |
Key people | Antonios Natsikas (Chairman) |
| Products | Gas |
| Services | Natural Gas Transmission |
| Revenue |  €268.69 million (2017)[1] |
| €125.94 million (2017)[1] | |
| €85.63 million (2017)[1] | |
| Total assets | €1.569 billion (2017)[1] |
| Total equity | €921.77 million (2017)[1] |
| Owner | Senfluga S.A. (66%) Government of Greece (34%)[2] |
Number of employees | 258 (2014) |
| Website | www |
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.[3]
On 11 June 2013, Azerbaijani oil company SOCAR won the tender for acquisition of a 66% stake of DESFA for €400 million.[3] 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,[4] failed in November 2016 as the last offer by SOCAR was rejected.[5] The HRADF issued a new tender on 1 March 2017 with updated conditions of eligibility,[6] 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.[7]
[]
As of January 2019:[8]
- Senfluga S.A. (a consortium formed by Snam (60%), Enagás (20%) and Fluxys (20%)): 66%
- Government of Greece: 33%
As of January 2020:[9]
- Senfluga S.A. (a consortium formed by Snam (54%), Enagás (18%), Fluxys (18%), and DAMCO - a Greek energy company- (10%)): 66%
- Government of Greece: 33%
See also[]
- Energy in Greece
- List of privatisations in Greece
References[]
- ^ a b c d e http://desfa.gr/userfiles/financialreports/Financial-Statements-for-the-Fiscal-Year-that-ended-on-31st-December-2017-gr.pdf[bare URL PDF]
- ^ "Στο Δημόσιο πέρασε το ΤΑΙΠΕΔ το 34% του ΔΕΣΦΑ".
- ^ a b Socor, Vladimir (25 June 2013). "Azerbaijan Wins Tender for Gas Pipelines in Greece". Eurasia Daily Monitor. Vol. 10, no. 120. Jamestown Foundation. Retrieved 19 July 2013.
- ^ "Socar appears willing to accept reduced 49% stake in DESFA". energypress.eu. 24 July 2015. Retrieved 25 July 2015.
- ^ "Socar offer to pay €300m up front for DESFA rejected - ENERGYPRESS". energypress.eu. Retrieved 19 October 2017.
- ^ "DESFA S.A." HRADF. Retrieved 19 October 2017.
- ^ https://www.hradf.com/storage/files/uploads/hradf-desfaclosure201218.pdf[bare URL PDF]
- ^ "Shareholders - desfa.gr". Archived from the original on 16 April 2018.
- ^ "Shareholders - desfa.gr". Archived from the original on 16 April 2018.
External links[]
- Official website (in Greek and English)
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- Oil and gas companies of Greece
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