Konstantinos Xifaras

The filling of the LNG Storage and Gasification Station developed by Enaon EDA, the Greek Gas Distribution Company, a subsidiary of Italgas, was completed on Tuesday 24/09/2024 at the Industrial Park of Kastoria, to bring natural gas to the areas of Kastoria and Argos Orestiko.

Natural gas prices are gradually returning to their historical norms, reflecting the basics of supply and demand, Public Gas Corporation (DEPA Commerce) CEO Konstantinos Xifaras told the 5th Power & Gas Forum on Thursday.

DEPA Commercial is among the winners of an auction for the supply of Moldova with natural gas.

The auction, held by Energocom, covers a significant part of natural gas supply of the Moldovan market during the summer period, with the product to be delivered in the Isaccea/Orlovka interconnection point between Romania and Hungary.

Speaking on Thursday to the chief executive officer of Public Gas Corporation (DEPA), Konstantinos Xifaras, US Ambassador in Athens Geoffrey Pyatt expressed Washington's warm support for the project of the Floating Storage Regasification Unit (FSRU) off Alexandroupoli in northeastern Greece, as it assists the US in its strategy for the diversification of Europe's energy sources.

Public Gas Corporation (DEPA) has shifted to an aggressive commercial policy, aiming to reverse the contraction of its market share, which dropped to 33 percent at end-2019 from 58 percent in 2018.

Public Gas Corporation's (DEPA) plans to expand the use of liquefied natural gas (LNG) in shipping are proceeding with the support of the European Investment Bank.