# DEPA > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/DEPA > Markdown URL: https://mediated.wiki/source/DEPA.md > Source: https://en.wikipedia.org/wiki/DEPA > Source revision: 1356453777 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Short description|Public Gas Corporation of Greece}} {{distinguish|Digital Economy Partnership Agreement}} {{Infobox company | name = DEPA | native_name = ΔΕΠΑ ΕΜΠΟΡΙΑΣ Μ.Α.Ε. | native_name_lang = el | romanized_name = Dimósia Epicheírisi Aeríou (DEPA) Μ.A.E. | logo = File:DEPA logo.png | type = [state-owned enterprise](/source/state-owned_enterprise) | founded = 1988 | founder = | hq_location_city = [Irakleio](/source/Irakleio%2C_Attica), [Athens](/source/Athens) | hq_location_country = Greece | key_people = Antonios Diamataris (Chairman) Konstantinos Xifaras (CEO) (2019) | area_served = [Southeast Europe](/source/Southeast_Europe) | industry = [Natural gas](/source/Natural_gas) | products = [Natural gas](/source/Natural_gas) | revenue = {{increase}} €1.696 million | revenue_year = 2021 | operating_income = {{increase}} €332 million | income_year = 2021 | net_income = {{increase}} €262 million | net_income_year = 2021 | assets = {{decrease}} €1.069 [billion](/source/billion_(short_scale)) | assets_year = 2021 | equity = {{decrease}} €639 billion | equity_year = 2021 | num_employees = | num_employees_year = | parent = | divisions = | subsidiaries = | owner = {{aligned table| [Greek State](/source/Government_of_Greece)
{{nowrap|(via [HRADF](/source/Hellenic_Republic_Asset_Development_Fund))}}|(65%)|[Hellenic Petroleum](/source/Hellenic_Petroleum)|(35%)}} | website = {{url|www.depa.gr}} | defunct = | footnotes = in [consolidated financial statement](/source/consolidated_financial_statement){{cite web|url=http://www.depa.gr/uploads/files/26072017/DEPA%20FINANCIAL%20STATEMENT%2031-12-2016.pdf|title=Annual Financial Statements for the year from 1 January 2016 to 31 December 2016|date=2017|publisher=DEPA|quote=translated from Greek original|access-date=17 May 2018|archive-url=https://web.archive.org/web/20180227034505/http://www.depa.gr/uploads/files/26072017/DEPA%20FINANCIAL%20STATEMENT%2031-12-2016.pdf|archive-date=27 February 2018|url-status=dead}} }} '''Public Gas Corporation of Greece [Μ.A.E.](/source/S.M.S.A._(corporation))''' ('''DEPA'''; {{langx|el|Δημόσια Επιχείρηση Αερίου (ΔΕΠΑ) Μ.Α.Ε.}}) commonly known for its Greek abbreviation '''DEPA'''{{cite news|url=https://www.reuters.com/article/us-greece-depa-eni/greeces-depa-to-sell-stake-in-gas-supplier-to-eni-idUSKCN1IH20H|title=Greece's DEPA to sell stake in gas supplier to Eni|date=16 May 2018|access-date=17 May 2018|work=Reuters}} ({{langx|el|ΔΕΠΑ|translit=DEPA}}) is the [natural gas](/source/natural_gas) supply company of [Greece](/source/Greece).{{Cite web|url=https://www.hradf.com/en/portfolio/view/25/public-gas-corporation|title=DEPA Commercial SA|website=HRADF|access-date=2019-12-06|archive-date=2018-09-15|archive-url=https://web.archive.org/web/20180915100440/https://www.hradf.com/en/portfolio/view/25/public-gas-corporation|url-status=dead}} The registered office of the company is based in [Irakleio](/source/Irakleio%2C_Attica), [Athens](/source/Athens).{{Cite web|url=https://www.depa.gr/|title=ΔΕΠΑ {{!}} Δημόσια Επιχείρηση Αερίου Α.Ε. {{!}} Επίσημος ιστότοπος|website=ΔΕΠΑ|language=el|access-date=2019-12-06}} It operates within the jurisdiction of the [Ministry of Development](/source/Ministry_of_Development_(Greece)). The chairman is Antonios Diamataris, and Konstantinos Xifaras is CEO.{{Cite web|url=https://www.depa.gr/group-structure/management-team/?lang=en|title=Management Team}} In 2005, in order to liberalise the natural gas market, [DESFA](/source/DESFA) was created as a fully owned subsidiary to transport natural gas within Greece.{{Cite web|url=https://www.southeusummit.com/europe/the-new-shareholding-structure-enables-desfa-to-move-one-step-forward-an-exclusive-interview-with-ceo-nicola-battilana/|title="The new shareholding structure enables DESFA to move one-step forward": An Exclusive Interview With CEO Nicola Battilana|date=2019-04-04|website=South EU Summit|language=en-US|access-date=2019-12-06|archive-date=2019-04-04|archive-url=https://web.archive.org/web/20190404164636/https://www.southeusummit.com/europe/the-new-shareholding-structure-enables-desfa-to-move-one-step-forward-an-exclusive-interview-with-ceo-nicola-battilana/|url-status=dead}} Since then, DEPA sells gas to large consumers and to the gas supply companies. Natural gas is imported by pipelines from [Bulgaria](/source/Bulgaria) and [Turkey](/source/Turkey) and by [liquefied natural gas](/source/liquefied_natural_gas) at the [Revithoussa LNG Terminal](/source/Revithoussa_LNG_Terminal).{{Cite web|url=https://www.petroleum-economist.com/articles/midstream-downstream/pipelines/2018/can-greece-jump-on-the-gas-transit-train|title=Can Greece jump on the gas-transit train?|website=www.petroleum-economist.com|access-date=2019-12-06|archive-date=2018-09-07|archive-url=https://web.archive.org/web/20180907235818/https://www.petroleum-economist.com/articles/midstream-downstream/pipelines/2018/can-greece-jump-on-the-gas-transit-train|url-status=dead}} In May 2018 it was announced to sell DEPA's subsidiaries in [Thessaly](/source/Thessaly) and [Thessaloniki](/source/Thessaloniki) to Italian company [Eni](/source/Eni). It was reported that DEPA would only keep the gas operations in Attica area. In 2019, the privatization of DEPA was approved by the Greek Government,{{Cite web|url=http://patrastimes.gr/%ce%b5%ce%bb%ce%bb%ce%ac%ce%b4%ce%b1/%cf%83%ce%b5-%cf%86%ce%b5%ce%ba-%ce%bf-%ce%bd%cf%8c%ce%bc%ce%bf%cf%82-%ce%b3%ce%b9%ce%b1-%cf%84%ce%b7%ce%bd-%ce%b1%ce%b3%ce%bf%cf%81%ce%ac-%ce%b5%ce%bd%ce%ad%cf%81%ce%b3%ce%b5%ce%b9%ce%b1%cf%82-%ce%ba/|title=Σε ΦΕΚ ο νόμος για την αγορά ενέργειας και τον εκσυγχρονισμό της ΔΕΗ|last=Press|date=2019-12-05|website=patrastimes.gr|language=el|access-date=2019-12-06|archive-date=2019-12-06|archive-url=https://web.archive.org/web/20191206125249/http://patrastimes.gr/%ce%b5%ce%bb%ce%bb%ce%ac%ce%b4%ce%b1/%cf%83%ce%b5-%cf%86%ce%b5%ce%ba-%ce%bf-%ce%bd%cf%8c%ce%bc%ce%bf%cf%82-%ce%b3%ce%b9%ce%b1-%cf%84%ce%b7%ce%bd-%ce%b1%ce%b3%ce%bf%cf%81%ce%ac-%ce%b5%ce%bd%ce%ad%cf%81%ce%b3%ce%b5%ce%b9%ce%b1%cf%82-%ce%ba/|url-status=dead}}{{Cite web|url=https://greece.greekreporter.com/2019/11/29/greece-plans-massive-investment-in-switch-to-cleaner-energy/|title=Greece Plans Massive Investment in Switch to Cleaner Energy {{!}} GreekReporter.com|last=Kokkinidis|first=Tasos|date=29 November 2019|language=en-US|access-date=2019-12-06}} and the company was split into three separate entities: '''DEPA Infrastructure''', '''DEPA International Projects''' and '''DEPA Commercial'''. ==Splitting and Privatisation == DEPA was split in 2019 into three separate entities: *DEPA Infrastructure: Includes DEPA's shareholding in the management companies of the gas distribution networks in Greece, the fixed assets of the distribution networks, the fiber optic network owned by DEPA and the rights and obligations of DEPA in natural gas distribution networks (compressed or liquefied), in addition to its participation in international projects. *DEPA International Projects: Includes DEPA's participations in international projects. *DEPA Commercial: Mainly deals with the import and supply of natural gas and electricity, as well as possible rights and obligations of DEPA in international projects (e.g. quantity commitments in transnational pipelines). The [HRADF](/source/Hellenic_Republic_Asset_Development_Fund), which before the split owned 65% of DEPA shares (the remaining 35% belonging to [Hellenic Petroleum](/source/Hellenic_Petroleum)), will proceed with the privatisation of only DEPA Infrastructure and DEPA Commercial (HRADF holds 65% of each company's shares, with 35% of the remaining shares in each company being held by Hellenic Petroleum). The only exception is DEPA International Projects, where the HRADF will transfer its 65% shareholding to the Greek State. On 10 December 2021, [Italgas](/source/Italgas) signed the sale and purchase agreement for the acquisition of 100% of DEPA Infrastructure.{{cite news |author= |date=11 December 2021 |title=TAIPED, Hellenic Petroleum sign deal selling DEPA Infrastructure to Italgas |url=https://www.ekathimerini.com/economy/1173580/taiped-hellenic-petroleum-sign-deal-selling-depa-infrastructure-to-italgas/ |work=[eKathimerini](/source/Kathimerini) |location=Athens, Greece |access-date=18 January 2022}} == Subsidiaries == {{updated|31 December 2019}}{{rp|43}} * ΕDA Attikis A.E. (51%) * EDA Thess A.E. (51%) {{incomplete list|date=May 2018}} ==See also== {{Portal|Greece|Energy|Companies}} * [Energy in Greece](/source/Energy_in_Greece) ==References== {{Reflist}} == External links == *{{official website|http://www.depa.gr}} {{authority control}} Category:Oil and gas companies of Greece Category:Privatization in Greece Category:1988 establishments in Greece Category:Companies established in 1988 Category:Government-owned companies of Greece Category:Greek brands --- Adapted from the Wikipedia article [DEPA](https://en.wikipedia.org/wiki/DEPA) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/DEPA?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.