DESFA
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.
| Company type | subsidiary |
|---|---|
| Industry | Oil and gas |
| Founded | 30 March 2007 |
| Headquarters | , |
Key people | Maria Rita Galli (CEO) |
| Products | Gas |
| Services | Natural Gas Transmission |
| Revenue | €268.69 million (2017) |
| €125.94 million (2017) | |
Net income | €85.63 million (2017) |
| Total assets | €1.569 billion (2017) |
| Total equity | €921.77 million (2017) |
| Owner | Senfluga S.A. (66%) Government of Greece (34%) |
Number of employees | 258 (2014) |
| Website | www |
On 11 June 2013, Azerbaijani oil company SOCAR won the tender for acquisition of a 66% stake of DESFA for €400 million. 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, failed in November 2016 as the last offer by SOCAR was rejected. The HRADF issued a new tender on 1 March 2017 with updated conditions of eligibility, 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.