DEPA

DEPA nears gas deal with Gazprom

The government expressed optimism on Tuesday regarding a deal between DEPA Commercial SA and Russia's Gazprom PJSC, which is set to provide natural gas until at least 2026.

The two sides have reportedly found common ground over disputed issues, which will most likely exclude the need for arbitration, although the government has not removed the option from the table.

Privatization of natural gas retailer gets back on track

The positive prospects of the Athens Stock Exchange (ASE) will provide a solution to the suspended privatization of DEPA Commercial, a subsidiary of Public Gas Corporation (DEPA).

The plan is to get HELLENiQ Energy (the former ELPE) to sell its 35% stake in DEPA Commercial to the state, which, in turn, will list the company on the ASE.

EastMed market test by end-2023

The market test for the EastMed pipeline - the project to transport natural gas from East Mediterranean gas fields to Italy and Central Europe through Greece - is expected to take place by the end of 2023, officials of owner IGI Poseidon told the Athens-Macedonian News Agency.

IGI Poseidon belongs in equal shares (50%-50%) to Greece's DEPA International Projects and Italy's Edison.

DEPA wins gas supply contract in Moldova

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.

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