DEPA

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.

The European Investment Bank (EIB) is lending Greek energy company DEPA Commercial a total of 390 million euros to build and operate solar-energy farms across the country.

The EIB funding covers 75% of total cost of the new photovoltaic (PV) sites, which is expected to reach up to €521 million. DEPA Commercial will create PV farms in western Macedonia, Thessaly and Central Greece.

Italgas sees prospects for significant development of the Greek natural gas market, after fully controlling the Greek medium and low pressure network since September 2022, with the completion of the acquisition of DEPA Infrastructure.

Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova, head of the company's pricing department, the expected reduction could range between 5 to 6% compared to the current rate, currently set at BGN 58.84 per MWh (excluding access, transmission, excise, and VAT).

Author: Vitalie Platon

Moldova's domestic gas supplier Energocom said it will supply its consumers with test volumes of US-origin liquefied natural gas (LNG) for the first time on Monday and Tuesday. Moldova relied almost exclusively on Russian gas under a deal with state-controlled Gazprom but stepped up diversification efforts following Moscow's full-scale invasion of neighbouring Ukraine two years ago.

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.

Greek gas supplier DEPA Commercial has filed for arbitration to seek a price revision on its gas supply contract with Gazprom, DEPA CEO Constantinos Xifaras has said.

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.

Negotiations between DEPA Commercial and Gazprom are at a pivotal point, which may lead to arbitration or even a complete stop in Russian gas imports. Their outcome will also determine the future of the Greek gas company.