Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Greece’s Depa Studies Mediterranean Gas Pipeline, Minister Says

Jan. 16 (Bloomberg) -- Greek natural-gas supplier Depa has conducted a preliminary study into building an underwater pipeline between Cyprus and Greece, Environment and Energy Minister George Papaconstantinou said.

The pipeline, which would carry natural gas from the eastern Mediterranean, would run from Cyprus to the southern Greek Peloponnese region via the island of Crete and is “entirely feasible” from a technical aspect, Papaconstantinou told a Cypriot newspaper, according to an e-mailed transcript of his comments sent late yesterday from his Athens-based Ministry.

The project’s economic viability must be investigated, and Depa is also looking at building a liquefied natural-gas terminal as a possible alternative, Papaconstantinou said. As well as being destined for export markets, Greece has a growing demand for natural gas, he said.

Both Cyprus and Israel have discovered natural-gas reserves in their exclusive economic zones. Greece will start the process to sell Depa and its fully owned gas grid operator Desfa SA by the end of this month.

To contact the reporter on this story: Paul Tugwell in Athens at

To contact the editor responsible for this story: Jerrold Colten at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.