{"id":4980,"date":"2017-10-12T09:08:02","date_gmt":"2017-10-12T09:08:02","guid":{"rendered":"http:\/\/188.164.206.52\/?p=4980"},"modified":"2025-10-08T12:44:09","modified_gmt":"2025-10-08T09:44:09","slug":"signing-of-a-cooperation-agreement-between-depa-and-gastrade-regarding-the-project-lng-terminal-in-northern-greece-in-alexandroupolis","status":"publish","type":"post","link":"https:\/\/www.depa.gr\/en\/signing-of-a-cooperation-agreement-between-depa-and-gastrade-regarding-the-project-lng-terminal-in-northern-greece-in-alexandroupolis\/","title":{"rendered":"Signing of a Cooperation Agreement between DEPA and GASTRADE regarding the Project \u00abLNG Terminal in Northern Greece\u00bb in Alexandroupolis"},"content":{"rendered":"<div style=\"text-align: justify;\">The Chief Executive Officer of DEPA Mr. Theodoros Kitsakos and the Managing Director of Gastrade S.A. Mr. Konstantinos Spyropoulos signed today in Athens a Cooperation Agreement for the participation of DEPA to the Project of European Common Interest (PCI) \u00abLNG Terminal in Northern Greece\u00bb which is being developed by GASTRADE in the area of Alexandroupolis, Greece.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The Agreement includes the next steps for the participation of DEPA to the share capital of GASTRADE and a list of common efforts of the Parties for the further commercial development of the Project.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The Project will secure new\u00a0natural gas\u00a0quantities for the supply of the Greek and the regional SE European markets, offering new sources and routes of\u00a0natural gas\u00a0supply,\u00a0promoting competition to the benefit of the end consumers,\u00a0enhancing the security of supply in Greece and the Balkan markets and improving the reliability and flexibility of the Greek National Natural Gas Transmission System and of the regional and trans-European gas networks.<\/div>\n<div style=\"text-align: justify;\"><b>Background<\/b><\/div>\n<div style=\"text-align: justify;\">Over the past two years, DEPA and GASTRADE have conducted a series of constructive meetings in order to push forward their cooperation with regards to the Project, both at National and European levels, and to create the optimal setup for its development, construction and operation.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">On 09.02.2017, GASLOG Ltd, via a 100% owned affiliate, acquired 20% stake in the share capital of GASTRADE.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">GASLOG Ltd (NYSE: GLOG) is one of the largest international owners, operators and managers of Liquefied Natural Gas (LNG) carriers. GASLOG owns, operates and manages a fleet of 27 LNG carriers.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">DEPA, with its long standing presence in the Greek natural gas market, is a modern and competitive group with dynamic presence in the energy sector. DEPA promotes the development of strategic infrastructure for the supply of natural gas from diverse sources and routes at competitive price, with an objective to establish its leading role in the markets of the wider South East European region.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">GASTRADE S.A. is a Greek Utility Company which studies, designs, develops, operates and exploits natural gas infrastructures. GASTRADE develops the project of an Independent Natural Gas System (INGS) \u00abLNG Terminal in Northern Greece\u00bb in Alexandroupolis for which all necessary licenses, in order for its construction to commence, have been obtained.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Chief Executive Officer of DEPA Mr. Theodoros Kitsakos and the Managing Director of Gastrade S.A. Mr. Konstantinos Spyropoulos signed today in Athens a Cooperation Agreement<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":14194,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-4980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Signing of a Cooperation Agreement between DEPA and GASTRADE regarding the Project \u00abLNG Terminal in Northern Greece\u00bb in Alexandroupolis - DEPA COMMERCIAL S.M.S.A.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.depa.gr\/en\/signing-of-a-cooperation-agreement-between-depa-and-gastrade-regarding-the-project-lng-terminal-in-northern-greece-in-alexandroupolis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Signing of a Cooperation Agreement between DEPA and GASTRADE regarding the Project \u00abLNG Terminal in Northern Greece\u00bb in Alexandroupolis - DEPA COMMERCIAL S.M.S.A.\" \/>\n<meta property=\"og:description\" content=\"The Chief Executive Officer of DEPA Mr. Theodoros Kitsakos and the Managing Director of Gastrade S.A. 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