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.[3]

DESFA
subsidiary
IndustryOil and gas
Founded30 March 2007 (2007-03-30)
Headquarters,
Key people
Antonios Natsikas (Chairman)
ProductsGas
ServicesNatural Gas Transmission
Revenue268.69 million (2017)[1]
125.94 million (2017)[1]
85.63 million (2017)[1]
Total assets1.569 billion (2017)[1]
Total equity921.77 million (2017)[1]
OwnerSenfluga S.A. (66%)
Government of Greece (34%)[2]
Number of employees
258 (2014)
Websitewww.desfa.gr

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]

Shareholders

As of January 2019:[8]

As of January 2020:[9]

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See also

References

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