
The months-long negotiations between DEPA Commerce and Gazprom at company level ended yesterday in an agreement with favorable terms for the Greek market.
The new agreement, which is part of the existing contract with Gazprom, with a horizon in 2026, ensures a very competitive price for our country from 2022 onwards, compared to the current levels of natural gas prices in our region but also in Europe in general.
It is noted that the agreement regulates individual issues, in addition to the price of gas, with terms that make this contract even more attractive for the coming years.
Skrekas: Protection for Greek households
The Minister of Environment and Energy, Mr. Costas Skrekas stated in this regard: “Reaching an agreement between DEPA Commerce and Gazprom for the adjustment of the gas supply price is extremely important for our country, as it creates a protection buttress for Greek households, through a prolonged energy crisis. Both the ministry and the government support and take initiatives to ensure competitive energy prices for the Greek market.”
On his part, the CEO of DEPA Commerce, Mr. Konstantinos Xifaras noted that: “DEPA Commerce’s constant pursuit is to ensure competitive prices in the supply of natural gas, based on the benefit for domestic and industrial consumers in our country. We continue with stability and reliability to contribute to the country’s energy security and to improve our footprint in the economy, society and the environment.”


Latest News

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)