With two business moves, DEPA Commercial is starting to build the so-called vertical natural gas transmission corridor between Central and Southeastern Europe.
The first, as announced yesterday by CEO Mr. Constantinos Xifaras, is its entry into the Hungarian Energy Exchange (CEEGEX) and the second, according to OT information, is the conclusion of a final agreement with the Moldovan energy company Energocom for the supply of with quantities of natural gas.
Energy Exchange
With the operation of DEPA Commercial in CEEGEX in combination with the supply license obtained by the Greek company in this particular market, it is given the possibility of commercial transactions with quantities of natural gas in the SPOT market.
The advantages for the public company, according to sources, are:
1. Increase in DEPA’s commercial activity in foreign markets through the possibility of disposing of quantities of natural gas in a market whose liquidity exceeds 80GWh per day.
2. Strengthening the security of supply but also increasing the competition of the Greek market through its commercial interconnection with the Hungarian market.
3. Strengthening the diversification of the supply sources of the Hungarian market, with the activation of the DEPA which will make it possible to increase the flows from South to North.
Moldova
At the same time, according to OT sources, DEPA Commercial is very close to concluding a definitive agreement for the sale of gas in specific quantities in Moldova.
It is recalled that last April executives of Energocom and the ambassador of Moldova met with the then leadership of the Ministry of Environment and Energy in Athens.
The information states that DEPA Emporias and the energy company of the Eastern European country have already entered a pilot phase in commercial transactions. The Greek company sold quantities of gas to the aforementioned company.
The “Vertical Corridor”
With these moves, DEPA Commercial’s gas is normally transported through pipelines and does not concern virtual flows.
Its quantities are exported from Greece to Bulgaria through the IGB pipeline and from Bulgaria through other interconnecting pipelines to Romania and then to Moldova.
It follows a similar path to Hungary, through a pipeline that connects with Romania.
With these moves, DEPA Commercial realizes normal and not virtual natural gas flows. The company utilizes the advantage that other Greek companies have to import quantities of LNG from the terminal in Revythoussa and in addition the memorandum of cooperation signed by the Natural Gas System Operators of Greece, Romania, Bulgaria and Hungary for the creation of “Vertical Corridor” of gas transport through interconnection of their pipeline systems.
This has to do with the transfer of quantities from the Southeast to Central and Eastern Europe.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
