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Energean and DEPA agreement paves the way for commercial operation of EastMed pipeline

Energean and the Public Gas Corporation of Greece (“DEPA”) have agreed to cooperate to further support the EastMed Pipeline Project. Ahead of the Intergovernmental Agreement on the EastMed Pipeline, to be signed later today by the Ministers of Cyprus, Greece and Israel responsible for Energy, Energean and DEPA have signed a Letter of Intent (“LoI”) for the potential sale and purchase of 2 BCM natural gas per annum from Energean’s gas fields offshore Israel, where Energean is investing $1.7 billion for the development of the Karish & Tanin fields through the FPSO “Energean Power”.

  • Published in Greece

Hatzidakis to present measures for PPC, DEPA

Environment and Energy Minister Kostis Hatzidakis will present on Thursday the measures for the modernization of the Public Power Corporation (PPC), the privatisation of the Gas Corporation (DEPA) and the support of the Renewable Energy Sources following a discussion in the cabinet meeting.

  • Published in Greece
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