Natural Gas Public Company Ltd (DEFA)

Natural Gas Public Company Ltd (DEFA)

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Last update: Dec 6, 2024 Last update: Dec 6, 2024
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Legal residence:Cyprus
Organization type:Consulting organization
Funding agencies:Other
Other
Sectors:Energy
Energy
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About

Concerning the development of the internal gas market and network, a Natural Gas Company, known by its Greek Acronyms as DEFA, has been established and is responsible for the import, storage, distribution, transmission, supply and trading of natural gas, and the management of the distribution and supply system of Natural Gas in Cyprus. The council of Ministers of the Republic of Cyprus has issued a decree dated 18/06/2008, which appoints DEFA as the sole importer and Distributor of Natural Gas in Cyprus and directs DEFA to proceed with securing the necessary Natural Gas quantities at the best commercial terms.

DEFA’s mission during the initial phases of its operation will be:
- To secure sufficient Natural Gas supplies, at the lowest possible prices, to cover the needs for Electricity Power Generation (Phase “A”) and subsequently to also supply Industries, Hotels and Households.
-To develop the necessary GAS NETWORK infrastructure. The Gas Network will initially consist of 3 pipelines connecting the Gas Import Hub with the three existing downstream Power Stations.

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