DESFA

Greece’s Gas Exports Jump 166% as LNG Imports Reach Record High

Greece’s gas exports jumped 166% in the first 10 months of 2026, reaching 15.3 terawatt-hours (TWh), while liquefied natural gas (LNG) imports climbed to a record 32.5 TWh for the same period. The increase in exports came as total...

Greece Launches Hydrogen Pipeline Project to Bulgaria

Greece has taken its first concrete step toward the construction of a hydrogen pipeline that will connect Greece to Bulgaria, forming a key part of a wider European network, aimed at the transport of clean energy. The national gas transmission...

Ragnar Locker Launches Cyber Attack on Greece’s Gas Operator

A group of cyber extortionists called Ragnar Locker claimed responsibility for the recent cyber-attack against the National Gas System Operator (DESFA) in Greece. On Saturday, DESFA announced that it had suffered a cyber-attack on part of its IT infrastructure, which...

Greece's Gas Grid Operator Sold to Snam-Led Consortium

A consortium led by Italy's Snam will take a majority stake in Greek gas grid operator DESFA under a 535 million euro ($623 million) deal signed on Friday, the country's HRADF privatization agency said. A consortium of Snam, Spain's Enagas...

Greece Sells Gas Grid DESFA to Snam-Led Consortium

Greece's privatizations board has accepted an improved financial offer from the consortium of Snam SpA, Enagas Internacional SLU and Fluxys SA, of €535 million ($659 million) for the acquisition of a 66-percent stake in Hellenic Gas Transmission System Operator...

DESFA Privatisation Deadline Extended to February 2018

Greece’s privatisation agency (HRADF) decided to push back the deadline for offers connected with the Hellenic Gas Transmission System Operator (DESFA), a 66% stake of which is about to be privately owned. Binding offers were expected to be submitted by...

Final Bids for Greek Gas Grid Sale Expected by Year's End

The Greek government wants to get binding offers from investors shortlisted for a 66% stake in state-controlled natural gas grid DESFA by the end of the year, two sources close to the process said on Wednesday. Under the terms of...

Foreign Companies Express Interest in Greek Gas Grid

Six companies express interest for the 66 percent stake in Greece's natural gas grid operator DESFA, the country's privatisation agency said on Monday. The interested investors are: Macquarie Infrastructure and Real Assets; a consortium of Italy's Snam, Belgium's Fluxys, Dutch-based...

Greece Cancels DESFA Stake Sale to Azerbaijan's Socar

The Greek government on Wednesday cancelled the sale of a 66 percent stake of the Hellenic Gas Transmission System Operator (DESFA) to Azerbaijan's Socar. The energy ministry announced that the Azeri company's proposal to reduce the price of the sale...

Parliament's Draft Budget Postpones Privatization Revenues Until 2017

Parliament tabled a draft budget for the major privatization projects on Monday, reasoning that the state will not be able to see substantial revenues into coffers until 2017 when they are completed. Privatization revenues from projects such as the regional...