Tag: Greece

Snam to acquire 17 % stake in DESFA – Greece, 23 May 2016

According to the Head of Hellenic Republic Asset Development Fund (HRADF) Stergios Pitsiorlas, Italian gas infrastructure company Snam will acquire 17 % of SOCAR’s 66 % stake in Greek natural gas transmission system operator DESFA. Pitsiorlas stressed that the privatization of DESFA will be competed in the near future and that the sale of part […]

Fuel prices to increase due to tax hike – Greece, 19 May 2016

After the recent government’s decision to increase the special consumption tax imposed on fuel, the prices of fuel in Greek market will increase as of 1 June. The tax on unleaded petrol will be increased from 670 to 700 euros per 1,000 liters, which means that the retail price will increase from current 1.35 to […]

Construction of Greek section of TAP started – Greece, 17 May 2016

Greek Prime Minister Alexis Tsipras officially launched the construction of 550 kilometers long Greek section of Trans-Adriatic gas pipeline (TAP), a project that will create some 8,000 new jobs and the investment of 1.5 billion euros, much needed for crisis-ridden Greek economy. TAP will deliver natural gas To Europe from Shah Deniz 2 field in […]