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Recent information regarding the ongoing Southeastern and Central European natural gas pipeline project of South Stream, point out that a significant shift in priorities is in motion. More specifically, the Head of the Project Management Department of Gazprom, Leonid Chuguno, stated to both Greek and...
The DEPA privatization process by the Greek government reached an most important phase, with receipt of final offers by international energy companies including Gazprom and SOCAR interesting in buying a controlling stake in Greece's natural gas company. Out of original 14 candidates, four expressed...
Russia's Gazprom and Sintez and Azerbaijan's state-owned SOCAR were the main bidders for Greek gas company Depa on Monday, agencies reported. Reuters said a potential deal that could make a welcome addition to Greek coffers of around €1 billion ($1.28bn). The country of 10 million people has been...
The Greek boom in liquefied natural gas (LNG) tankers continues. German company MAN Diesel & Turbo has announced it will supply the engines for two new Greek LNG carriers. According to shipbroking agency Clarkson, eight Greek shipowners have spent $7.4 billion (€5.8 bn) on orders for 38 such...
Gazprom, through its subsidiary Gazprom Finance is amongst the fourteen international emerge companies participating in the privatization of Greek natural gas company DEPA which is unfolding over the past period. Lately, Gazprom has speeded up its moves in acquiring a leading role in the competition...
The newly found natural gas reserves offshore Israel and Cyprus, seems to be getting closer into the European markets, according to local stakeholders. For the moment, the options that appear to be practical for the movement of produced gas include the construction of an LNG terminal in Cyprus and the...
The Trans Adriatic Pipeline (TAP) project has got a boost of support this week with a Memorandum of Understanding (MoU) signed between Albania, Italy and Greece for the project. The MoU, signed yesterday evening, the TAP consortium said today, was signed at the United Nations General Assembly in New York.
The Greek Company DESFA, which is a 100% subsidiary of the DEPA natural gas corporation, has announced a 1.7 billion Euros investment plan aimed at boosting household and industrial usage of natural gas in the country, in a move closely related with regional pipeline projects as well. The most...
The Trans-Adriatic Pipeline project (TAP), has recently received a boost to its plans to secure the Southern Corridor, due to the increased cooperation by the three interested countries, namely Italy, Greece and Albania. More specifically, since mid-August 2012 the Greek Ministry of Foreign affairs...
Managing Director of the Trans Adriatic pipeline (TAP) consortium Kjetil Tungland has said that Greece has re-affirmed its support for the pipeline in a meeting today. "The Greek government confirmed to us today its strong interest in ensuring that the TAP project is implemented, a position that...
