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DESFA

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DESFA
Company typesubsidiary
IndustryOil and gas
Founded30 March 2007 (2007-03-30)
Headquarters,
Key people
Maria Rita Galli (CEO)
ProductsGas
ServicesNatural Gas Transmission
RevenueIncrease268.69 million (2017)[1]
Increase125.94 million (2017)[1]
Increase85.63 million (2017)[1]
Total assetsIncrease1.569 billion (2017)[1]
Total equityIncrease921.77 million (2017)[1]
OwnerSenfluga S.A. (66%)
Government of Greece (34%)[2]
Number of employees
258 (2014)
Websitewww.desfa.gr

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]

Shareholders

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As of January 2019:[8]

As of January 2020:[8]

See also

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References

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  1. ^ a b c d e "Financial Statements for the Fiscal Year that ended on 31 December 2017" (PDF). desfa.gr (in Greek). Retrieved 25 June 2023.
  2. ^ "Στο Δημόσιο πέρασε το ΤΑΙΠΕΔ το 34% του ΔΕΣΦΑ". 20 December 2018.
  3. ^ 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.
  4. ^ "Socar appears willing to accept reduced 49% stake in DESFA". energypress.eu. 24 July 2015. Retrieved 25 July 2015.
  5. ^ "Socar offer to pay €300m up front for DESFA rejected - ENERGYPRESS". energypress.eu. Retrieved 19 October 2017.
  6. ^ "DESFA S.A." HRADF. Archived from the original on 19 October 2017. Retrieved 19 October 2017.
  7. ^ "Archived copy" (PDF). Archived from the original (PDF) on 21 January 2019. Retrieved 21 January 2019.{{cite web}}: CS1 maint: archived copy as title (link)
  8. ^ a b "Shareholders - desfa.gr". Archived from the original on 16 April 2018.
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