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Gazprom, DEPA, and Edison in talks on optimal route of Russian gas exports to the south of Europe

December 13, 2016, 18:10

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, Marc Benayoun, Executive Vice President of EDF and CEO of Edison, and Theodoros Kitsakos, CEO of DEPA, took place at the Gazprom headquarters today.

The parties discussed the ongoing cooperation within the Memorandum of Understanding, speaking in particular about determining an optimal route for gas exports from Russia to Greece and further to Italy.

The meeting participants stressed that the companies’ joint efforts would contribute to the development of additional gas transmission capacities in Europe and would reinforce energy security in the southern part of the continent.

Background

Greek DEPA Group is focused on wholesale procurement, marketing and supplies of natural gas to industrial consumers and households in Greece. At present, the Hellenic Republic owns a 65 per cent stake in the company, while a 35 per cent stake is held by the domestic refining company Hellenic Petroleum S.A.

Italian Edison SpA is part of EDF Group. Its business areas include procurement, exploration, production and sales of hydrocarbons, as well as production and marketing of electricity.

On February 24, 2016, Gazprom, Edison, and DEPA signed the Memorandum of Understanding on natural gas deliveries from Russia across the Black Sea and third countries to Greece and from Greece to Italy in order to set up a southern route for Russian gas supplies to Europe.

 

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