The Snam, Enagás, Fluxys consortium completes the acquisition of 66% of the Greek operator DESFA

The consortium consisting of Snam (60%), Enagás (20%) and Fluxys (20%) has today completed the acquisition of a 66% stake in DESFA, the national operator in the natural gas infrastructure sector, from the Hellenic Republic Asset Development Fund (HRADF) and Hellenic Petroleum for a consideration equal to € 535 million. The consortium, which was awarded the tender for the DESFA privatization in April 2018, made the acquisition through Senfluga Energy Infrastructure Holdings. The consortium has obtained a >10-year non-recourse acquisition financing corresponding to approximately 65% of the enterprise value.


DESFA owns and operates, under a regulated regime, a high pressure transport network of about 1,500 km, as well as a regasification terminal at Revithoussa. Greece, an important crossroads for diversification of supplies and the opening of new natural gas routes in Europe, has further development potential as a hub in South-East Europe.

Thanks to the support of Snam, Enagás and Fluxys – three major European infrastructure companies which are committed to the creation of the Energy Union – DESFA will be able to fully exploit its strategic position in the Mediterranean, which will contribute to the country’s growth. The consortium will also promote natural gas innovation in Greece, will foster the introduction of renewables gasses such as biomethane in order to create a sustainable energy system, and will make an active contribution to the reduction of the country’s emission of both harmful pollutants and greenhouse gasses.

Back to overview

Tips for using search operators

Use "quotation marks" to search for a series of words or a phrase in a specific order.

Boolean operators

You can find a group of words or a phrase by using the link words AND, OR and NOT:
known as Boolean operators, these words are used to combine terms in the search field.

  • AND: All the search terms must be included in the publication. Typing in Apple AND Pear will return publications containing both the word Apple and the word Pear.


  • OR :  At least one of the search terms must be included in the publication. Typing in Apple OR Pear will return publications containing either the word Apple or the word Pear or both.


  • NOT: The term preceded by NOT must not be included in the publication. Typing in Apple NOT Pear will return publications containing the word Apple but not the word Pear.