Reports: Italgas eyes up to one bln euros in investment for DEPA Infrastructure over 2023-29 period

Italgas is reportedly ready to proceed with major changes at its Greek subsidiary, DEPA Infrastructure SA, towards expanding and developing the natural gas distribution network in the east Mediterranean country.

According to information obtained by OT, Italgas CEO Paolo Gallo, who was in Athens last week, met with DEPA Infrastructure’s top management, as well as the heads of the latter’s three regional distribution subsidiaries in the country.

The same sources confirmed previous reports of an Italgas investment in the country reaching up to one billion euros over the 2023-29 period.

The direct goals of the investment plan are none other than to expand the natgas network – low and medium pressure – to every corner of Greece, to achieve the company’s full digitization and for DEPA Infrastructure to “pivot” to “greener” fuels.
Details point to the construction of small-scale LNG units and entry into the biomethane and hydrogen sectors.

Roughly 150 million euros will be set aside to build a “smart” distribution network, with remote management and automation, as well as digital and online consumption meters.