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Greece's Rising Natural Gas Role Has Players Vying for Top Spot

  • Mytilineos forecasts fivefold increase in gas sales in 2019
  • Company also plans to have role in exports to wider region
Laying The Trans Adriatic Gas Pipeline (TAP)
Photographer: Konstantinos Tsakalidis/Bloomberg

As Greece increasingly turns to natural gas to cut its reliance on coal, one company has set its sights on leading the evolution.

Mytilineos Holdings SA aims to leapfrog state incumbent Depa SA to become the leader in Greece’s gas market by the end of 2020. The Athens-based company, which has imported U.S. liquefied natural gas to Greece, expects a new power plant and sales to third parties to help it meet that goal.