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
Typesubsidiary
IndustryOil and gas
Founded30 March 2007 (2007-03-30)
Headquarters
Chalandri, Athens
,
Greece
Key people
Antonios Natsikas (Chairman)
ProductsGas
ServicesNatural 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]
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]

See also

References
  1. http://desfa.gr/userfiles/financialreports/Financial-Statements-for-the-Fiscal-Year-that-ended-on-31st-December-2017-gr.pdf
  2. https://www.insider.gr/eidiseis/oikonomia/102943/sto-dimosio-perase-taiped-34-toy-desfa
  3. Socor, Vladimir (25 June 2013). "Azerbaijan Wins Tender for Gas Pipelines in Greece". Eurasia Daily Monitor. 10 (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. Retrieved 19 October 2017.
  7. https://www.hradf.com/storage/files/uploads/hradf-desfaclosure201218.pdf
  8. http://desfa.gr/en/company/shareholders
  9. http://desfa.gr/en/company/shareholders
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