DESFA

{{Short description|Greek natural gas transmission system operator}} {{Use dmy dates|date=November 2018}} {{Infobox company | name = DESFA | logo = DESFA.svg | caption = | type = subsidiary | traded_as = | fate = | predecessor = | successor = | foundation = {{Start date|2007|03|30|df=y}} | founder = | defunct =  | location_city = Chalandri, Athens | location_country = Greece | locations = | area_served = | key_people = Maria Rita Galli''' (CEO)''' | industry = Oil and gas | products = Gas | services = Natural Gas Transmission | revenue = {{Increase}}€268.69 million (2017)<ref name="desfa.gr">{{cite web|url=https://www.desfa.gr/userfiles/financialreports/Financial-Statements-for-the-Fiscal-Year-that-ended-on-31st-December-2017-gr.pdf |title=Financial Statements for the Fiscal Year that ended on 31 December 2017|website=desfa.gr|language=el|access-date=25 June 2023}}</ref> | operating_income = {{Increase}}€125.94 million (2017)<ref name="desfa.gr"/> | net_income = {{Increase}}€85.63 million (2017)<ref name="desfa.gr"/> | assets = {{Increase}}€1.569 billion (2017)<ref name="desfa.gr"/> | equity = {{Increase}}€921.77 million (2017)<ref name="desfa.gr"/> | owner = Senfluga S.A. (66%) Government of Greece (34%)<ref>{{Cite web|url=https://www.insider.gr/eidiseis/oikonomia/102943/sto-dimosio-perase-taiped-34-toy-desfa|title=Στο Δημόσιο πέρασε το ΤΑΙΠΕΔ το 34% του ΔΕΣΦΑ|date=20 December 2018 }}</ref> | num_employees = 258 (2014) | parent = | divisions = | subsid = | homepage = {{URL|www.desfa.gr}} | footnotes = }}

'''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.<ref name=edm250613/>

On 11 June 2013, Azerbaijani oil company SOCAR won the tender for acquisition of a 66% stake of DESFA for €400 million.<ref name=edm250613> {{cite news |url= http://www.jamestown.org/single/?no_cache=1&tx_ttnews%5Bswords%5D=8fd5893941d69d0be3f378576261ae3e&tx_ttnews%5Bany_of_the_words%5D=DESFA&tx_ttnews%5Btt_news%5D=41069&tx_ttnews%5BbackPid%5D=7&cHash=c0903f6c99ae60526d9b10a96ca396dd |title= Azerbaijan Wins Tender for Gas Pipelines in Greece |first = Vladimir | last = Socor | authorlink = Vladimir Socor |volume = 10 |issue = 120 |publisher =Jamestown Foundation | work = Eurasia Daily Monitor |date=2013-06-25 |accessdate=2013-07-19}} </ref> 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,<ref>{{cite web | url = http://energypress.eu/socar-appears-willing-to-accept-reduced-49-stake-in-desfa/ | title = Socar appears willing to accept reduced 49% stake in DESFA | work = energypress.eu | date = 2015-07-24 | accessdate = 2015-07-25}} </ref> failed in November 2016 as the last offer by SOCAR was rejected.<ref>{{Cite web|url=https://energypress.eu/socar-offer-to-pay-e300m-now-and-e100m-later-for-desfa-rejected/|title=Socar offer to pay €300m up front for DESFA rejected - ENERGYPRESS|website=energypress.eu|language=en-US|access-date=2017-10-19}}</ref> The HRADF issued a new tender on 1 March 2017 with updated conditions of eligibility,<ref>{{Cite news|url=http://www.hradf.com/en/portfolio/view/120/desfa-s-a|title=DESFA S.A.|work=HRADF|access-date=2017-10-19|archive-date=19 October 2017|archive-url=https://web.archive.org/web/20171019163423/http://www.hradf.com/en/portfolio/view/120/desfa-s-a|url-status=dead}}</ref> 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.<ref>{{Cite web |url=https://www.hradf.com/storage/files/uploads/hradf-desfaclosure201218.pdf |title=Archived copy |access-date=21 January 2019 |archive-date=21 January 2019 |archive-url=https://web.archive.org/web/20190121232459/https://www.hradf.com/storage/files/uploads/hradf-desfaclosure201218.pdf |url-status=dead }}</ref>

In April 2025, DESFA and North Macedonia’s state-owned gas operator NOMAGAS signed a Memorandum of Understanding related to the Greece–North Macedonia Interconnector.<ref>{{Cite web |title=DESFA and NOMAGAS Join Forces to Drive Regional Energy Security and Interconnection |url=https://www.chemanalyst.com/NewsAndDeals/NewsDetails/desfa-and-nomagas-join-forces-to-drive-regional-energy-security-36274?utm_source=chatgpt.com |access-date=2025-05-02 |website=www.chemanalyst.com}}</ref> The project involves the construction of a 123-kilometre high-pressure natural gas pipeline, with 55 kilometres located in Greece and 68 kilometres in North Macedonia. The pipeline is intended to provide an additional supply route for natural gas and is designed to accommodate future hydrogen transport. It is scheduled for commissioning in the first half of 2026

== Infrastructure development == In February 2023, DESFA published its Ten-Year Development Plan (2023–2032), outlining investments of approximately €1.27 billion.<ref>{{Cite web |last=VM |date=2023-02-20 |title=Greece, DESFA - 1.27 billion euros investment |url=https://serbia-energy.eu/greece-desfa-1-27-billion-euros-investment/ |access-date=2025-05-02 |website=Serbia SEE Energy Mining News |language=en-US}}</ref> The plan includes infrastructure projects such as a 215-kilometer duplication of the YP Karperi–Komotini pipeline branch, designed to be compatible with hydrogen transport, along with increasing transmission capacity and support gas flows toward Southeast and Central Europe.

==Shareholders==

As of January 2019:<ref name="Shareholders - desfa.gr">{{cite web |url=http://desfa.gr/en/company/shareholders |url-status=dead |archive-url=https://web.archive.org/web/20180416160913/http://www.desfa.gr/en/company/shareholders |archive-date=16 April 2018 |title=Shareholders - desfa.gr}}</ref> * Senfluga S.A. (a consortium formed by Snam (60%), Enagás (20%) and Fluxys (20%)): '''66%''' * Government of Greece: '''33%'''

As of January 2020:<ref name="Shareholders - desfa.gr"/> * 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== {{Portal|Greece|Energy|Companies}} * Energy in Greece * List of privatisations in Greece

==References== {{Reflist}}

== External links == *{{official|1=http://www.desfa.gr/default.asp?pid=1&la=2}} {{in lang|el|en}}

Category:Oil and gas companies of Greece Category:Natural gas pipeline companies Category:Companies based in Athens Category:Chalandri Category:Greek brands