LNG

Gas market upswing good news for Greek hub plans

Strong investor interest in its grid operator and rising demand are favourable signs for Greece's ambition of becoming a regional gas hub Strong investor interest in its grid operator and rising demand are favourable signs for Greece's ambition of becoming a regional gas hub.
By Annemarie Botzki 16 August 2017 0 27208
The LNG terminal on Revithoussa Island, Greece. (EC)

Strong investor interest in its gas grid operator and rising domestic demand are favourable signals for Greece’s ambition of becoming a regional gas hub.

Ten companies expressed interest in buying a majority stake in DESFA last week. The Hellenic Republic Asset Development Fund (HRADF) launched a tender for the sale in late June.

“One may definitely say that this result represents an important vote of confidence of the major industry players – international and regional – in the country’s efforts to liberalise the national natural gas market...