CEO of the Greek Public Gas Corporation (DEPA) Theodoros Kitsakos said that the company is moving forward with the investments worth some 300 million euros for the development of new national networks for natural gas distribution to 200,000 new customers, both household and business.
Kitsakos presented the company’s strategic priorities, which include international projects, wider use of natural gas and possible collaborations with privately owned companies. He stressed that natural gas remains the fastest growing energy source and Greece has great growth potential, as this energy source’s market share, in terms of consumption, is currently below 10 %, while the EU average is 20 %.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: DEPA, East Med, gas, gas network, gas pipeline, Greece, IGI Poseidon, investment