Copelouzos Group is active in the natural gas transmission through its participation in SENFLUGA ENERGY INFRASTRUCTURE HOLDINGS S.A., the consortium that acquired in December 2018, following an international tender, the 66% of the Hellenic Gas Transmission System Operator SA (DESFA) for a consideration of € 535 million.
DAMCO ENERGY S.A., a Copelouzos Group company, entered Senfluga’s shareholding structure acquiring a 10% stake and becoming co-shareholder with Snam SpA, Enagás Internacional SLU and Fluxys SA, three major European Natural Gas System Operators, which are also shareholders of the company Trans Adriatic Pipeline (TAP).
The investment by Damco was the consequence of a long and fruitful dialogue between the two parties and has been structured at the same terms and conditions of the acquisition of DESFA by Senfluga and in compliance with the applicable regulatory framework.
DESFA owns, operates, maintains, manages, exploits and develops:
- the National Natural Gas System consisting of the main transmission pipeline and the transmission branches with a total length of 512 km and 952 km respectively.
- the LNG terminal located in Revithoussa Island.