Snam

Investments of 1 billion euros in Greece are foreseen in the strategic plan of Italgas for 2024-2030 through its subsidiary Enaon, it was announced on Monday.

The €1 billion, raised by €100 million compared to the previous plan, will be allocated to expanding the distribution network for natural gas, digitizing the distribution of networks, and penetrating regions not served yet.

Greece has received interest from 27 US and European companies in booking future capacity in its gas grid, which would allow them to import and export gas to Europe via the country in the coming decades, grid operator DESFA said on Thursday.

State sell-off fund TAIPED has recorded strong investor interest in the concession of DEPA Infrastructure, the Public Gas Corporation offshoot that includes only the utility's infrastructure and of which 65 percent belongs to the state and 35 percent to Hellenic Petroleum.
The fund expects at least seven to eight bidders in the first stage of the tender.

The Copelouzos energy group has gained a foothold in Greek gas grid operator DESFA through the acquisition of a minority stake in European consortium Senfluga.

Three joint ventures have been selected by Cyprus in the first stage of a tender to provide a floating storage and regasification unit (FSRU) to import liquefied natural gas (LNG).
The first joint venture is led by China Petroleum Pipeline Engineering, Natural Gas Public Company of Cyprus (DEFA) said on its website.

Greek gas grid operator DESFA is of major strategic importance for the broader natural gas market, as its network runs along the Southern Gas Corridor to the heart of the European Union, where most new routes bringing the commodity to central European markets will pass, Marco Alvera tells Kathimerini.

The consortium of European firms Snam, Enagas and Fluxys, named Senfluga Energy Infrastructure Holdings SA, is as of Friday the new owner of the controlling stake in natural gas grid operator DESFA, almost six years after the first attempt to privatize the company.

A series of eagerly anticipated agreement conclusions in the energy sector are expected to take place in Athens and Milan on Friday.

Athens has short-listed both remaining candidates in the tender for the privatization of Hellenic Petroleum, while Brussels opened the way on Monday - in record time - for the completion of the privatization of gas grid operator DESFA.

State sell-off fund TAIPED on Thursday opened the way for the consortium of Italy's Snam, Spain's Enagas and Belgium's Fluxys to acquire 66 percent of Greece's gas grid operator DESFA, thereby strengthening the southern Europe energy axis built around the Trans Adriatic Pipeline (TAP).