Greek company signs long-term contract with Gazprom

Gazprom Export (a subsidiary of Gazprom) and Greek company Mytilineos S.A. signed a long-term contract for the supply of natural gas. It is reported by Neftegaz.

The contract provides for the supply of gas to Greece from 2020 to 2030.

Mytilineos S.A. is one of the largest industrial companies in Greece, engaged in metallurgy, energy and EPC-projects.

In 2017, Gazprom Export and Mytilineos began to cooperate on the basis of short-term contracts.

In 2019, Mytilineos received 588 million m3 of gas.

In 2020, companies discussed gas supplies and agreed to continue cooperation on the basis of a long-term contract.

Deliveries of Russian gas to Greece began in 1996 on the basis of a contract concluded in 1988 and providing for the supply of up to 3 billion m3 per year of gas for a period up to 2016.

In 2014, the contract was extended until 2026.

In 2019, Russian gas supplies to Greece amounted to 2.413 billion m3, which is 26.7% less than a year earlier.

It was previously reported that Gazprom would build another gas pipeline to China.

Tags: Gazprom, gas, contracts, legislation, EU, Top management, gas production, GTS, RF, Gas processing plant, foreign affairs, export, Gas market, pipeline, price, agreement, route, gas supplies, volumes, infrastructure, natural gas, economy, market

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