DESFA

Short description: Greek natural gas transmission system operator

DESFA

Type| subsidiary
Industry| Oil and gas
Founded| 30 March 2007 (2007-03-30)
Headquarters|

Chalandri, Athens

Greece

Key people

| Maria Rita Galli (CEO)
Products| Gas
Services| Natural Gas Transmission
Revenue| €268.69 million (2017)[1]

Operating income

| €125.94 million (2017)[1]

Net income

| €85.63 million (2017)[1]
Total assets| €1.569 billion (2017)[1]
Total equity| €921.77 million (2017)[1]
Owner| Senfluga S.A. (66%)
Government of Greece (34%)[2]

Number of employees

| 258 (2014)
Website| www.desfa.gr

DESFA (National Natural Gas System Operator S.A.) is a natural gas transmission system operator in Greece. It was established on 30 March 2007 as a subsidiary of DEPA. In addition to the transmission system, the company also operates Greece's gas distribution networks, and the Revithoussa LNG Terminal.[3]

On 11 June 2013, Azerbaijani oil company SOCAR won the tender for acquisition of a 66% stake of DESFA for €400 million.[3] Following Greece's January 2015 legislative election, the offered share was reduced to 49%. The deal, which was expected to be concluded by August 2015,[4] failed in November 2016 as the last offer by SOCAR was rejected.[5] The HRADF issued a new tender on 1 March 2017 with updated conditions of eligibility,[6] officially terminating the previous one.

On 20 December 2018, Senfluga S.A., a consortium formed by Snam (60%), Enagás (20%) and Fluxys (20%), completed the acquisition of a 66% stake in DESFA for an amount of €535 million.[7]

## Contents

* 1 Shareholders
* 2 See also
* 3 References
* 4 External links

## Shareholders

As of January 2019:[8]

* Senfluga S.A. (a consortium formed by Snam (60%), Enagás (20%) and Fluxys (20%)): 66%
* Government of Greece: 33%

As of January 2020:[8]

* Senfluga S.A. (a consortium formed by Snam (54%), Enagás (18%), Fluxys (18%), and DAMCO - a Greek energy company- (10%)): 66%
* Government of Greece: 33%

## See also

* Energy in Greece
* List of privatisations in Greece

## References

1. ↑ 1.0 1.1 1.2 1.3 1.4 "Financial Statements for the Fiscal Year that ended on 31 December 2017" (in el). https://www.desfa.gr/userfiles/financialreports/Financial-Statements-for-the-Fiscal-Year-that-ended-on-31st-December-2017-gr.pdf.
2. ↑ "Στο Δημόσιο πέρασε το ΤΑΙΠΕΔ το 34% του ΔΕΣΦΑ". 20 December 2018. https://www.insider.gr/eidiseis/oikonomia/102943/sto-dimosio-perase-taiped-34-toy-desfa.
3. ↑ 3.0 3.1 Socor, Vladimir (2013-06-25). "Azerbaijan Wins Tender for Gas Pipelines in Greece". Eurasia Daily Monitor (Jamestown Foundation) 10 (120). http://www.jamestown.org/single/?no_cache=1&tx_ttnews[swords]=8fd5893941d69d0be3f378576261ae3e&tx_ttnews[any_of_the_words]=DESFA&tx_ttnews[tt_news]=41069&tx_ttnews[backPid]=7&cHash=c0903f6c99ae60526d9b10a96ca396dd. Retrieved 2013-07-19.
4. ↑ "Socar appears willing to accept reduced 49% stake in DESFA". energypress.eu. 2015-07-24. http://energypress.eu/socar-appears-willing-to-accept-reduced-49-stake-in-desfa/. Retrieved 2015-07-25.
5. ↑ "Socar offer to pay €300m up front for DESFA rejected - ENERGYPRESS" (in en-US). https://energypress.eu/socar-offer-to-pay-e300m-now-and-e100m-later-for-desfa-rejected/.
6. ↑ "DESFA S.A.". HRADF. http://www.hradf.com/en/portfolio/view/120/desfa-s-a.
7. ↑ "Archived copy". https://www.hradf.com/storage/files/uploads/hradf-desfaclosure201218.pdf.
8. ↑ 8.0 8.1 "Shareholders - desfa.gr". http://desfa.gr/en/company/shareholders.

## External links

* Official website (in Greek and English)

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