DEPA

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.

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.

Greece's privatization agency TAIPED is planning a series of selloffs over and beyond the scheduled sale of 30 percent of the firm managing the capital's international airport and of 100 percent of gas distribution network DEPA Infrastructure in  order for the government to achieve the target set by international creditors of 2.4 billion euros, TAIPED's executive president Aris Xenofos has said

After DEPA Infrastructure, the company that has undertaken the natural gas transmission network, it is now time for the privatization process of DEPA Commercial to start. Sources say that, by Friday, state privatization fund TAIPED will have published an invitation for expressions of interest in the sale of the state's 65 percent stake in the gas trading company.

Greece's state-controlled gas utility DEPA, earmarked for privatisation this year, has won a legal case over a supply deal with Turkish state energy company BOTAS, DEPA said on Thursday.

The International Court of Arbitration (ICC) ruled on Wednesday that BOTAS should cut retrospectively the contractual gas prices that DEPA has paid, DEPA said in a statement.

Bulgaria will buy a 20 percent stake in a liquefied natural gas (LNG) terminal off northern Greece as it works to move away from its almost complete dependence on gas from Russia, the government said on Wednesday.
The United States and Qatar are expected to be the main suppliers of LNG for the facility.

Italy's biggest natural gas distribution company, Italgas, is on the verge of entering the Greek market.

Kathimerini understands that Europe's third largest gas distributor is very close to reaching an agreement with fellow Italian Eni Gas e Luce for the acquisition of the latter's portfolio in the Greek gas grid.

The gradual distancing of Public Power Corporation (PPC) from Public Gas Corporation (DEPA), of which the power giant used to be the main client, will likely be the killing blow for the gas utility's competitiveness, just as the state is getting ready to privatize it.

The road to the privatization of the Public Gas Corporation (DEPA) appears to be full of obstacles, with particular problems emerging for the process that will start with the submission to Parliament of a bill to that effect.

The Greek government is considering the full sale (100 pct) of the country's state-controlled gas company DEPA as part of its privatization's plan, according to Energy Ministry sources cited by state-run news agency ANA-MPA.