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DESFA

M&M Gas Exports First Gas from Greece to Bulgaria

The Greek independent gas company, M&M Gas has become the first independent gas company in Greece to exported gas to Bulgaria, according to hellenicshippingnews.com. The small volumes that were sold on a test basis is a part of a deal following an...

Greek Energy Minister Announces Lower Natural Gas Rates

Greek Productive Reconstruction, Environment & Energy Minister Panagiotis Lafazanis on Monday addressed the Parliamentary Standing Committee on Production and Trade and referring to the raise of the special duty for the reduction of gas emissions (ETMEAR) blamed the Regulatory...

Minister of Productive Reconstruction: No Privatization of Power and Gas Companies

Minister of Productive Reconstruction, Environment and Energy Panagiotis Lafazanis announced today in parliament that the new government will put an end to privatization of public companies and implement all policies announced by the prime minister on Sunday. Lafazanis announced the cancellation...

Greek Deputy Energy Minister: Natural Gas Prices to Fall by 20% in Q1 2015

Natural gas prices for industrial and household users are expected to fall by 20% in the first quarter of 2015 as a result of falling international oil prices, Greek Deputy Environment, Energy and Climate Change Minister Makis Papageorgiou said...

European Commission to Investigate Merger of Greek and Azeri Gas Transmission Companies

The European Commission has just started an in-depth investigation in order to assess whether the proposed acquisition of Greek public gas transmission system operator DESFA by the State Oil Company of Azerbaijan Republic (SOCAR) is in accordance with the...

Samaras Meets With Azeri President in Baku

Greek Prime Minister Antonis Samaras met on Friday night with BP Group Chief Executive Robert Dudley during his visit to Baku as one of several country leaders attending events related to the natural gas pipeline in Azerbaijan. Earlier, Samaras attended a...

Greece Wants Azeri Gas Investment, TAP

  With privatization and foreign direct investment lagging, Prime Minister Antonis Samaras has discussed the sale of the country's gas transmission network DESFA with visiting Azerbaijan President Ilham Aliyev, and the construction of the the Trans Adriatic Gas Pipeline (TAP)...

Greece Seals Natural Gas Privatisation Deal with Azeri Company

Azeri state energy company Socar signed on Saturday afternoon in Athens the agreement for the acquisition of a 66 percent stake in Greece's natural gas transmission network operator DESFA. The ceremony took place in the presence of Energy Minister Yiannis...

SOCAR Acquires Slice of Greek DESFA

Socar (the state oil company of Azerbaijan) has acquired a 66% share in the Greek natural gas transmission network operator (DESFA). This agreement is significant in terms of gas supplies to Europe from Azerbaijan. The President of Socar, Rovnag Abdullayev will arrive...

Greek PM's Plane Forced to Land

The Greek Prime Minister, Antonis Samaras along with his associates, were expected to fly to Baku, Azerbaijan, this evening. However his plane showed mechanical problems and was forced to land at the Elefsina airport. After engineers performed a check on...