Prometheus Gas
Encyclopedia
Prometheus Gas S.A. is a Greek
– Russia
n joint company, established in 1991 in Athens
. The Russian natural gas
export company Gazprom Export
, on behalf of Gazprom
, holds the 50% of the shares. Mr. Dimitrios Ch. Copelouzos, Chairman & Managing Director of Copelouzos Group, holds the 50% of shares.
Among the basic sectors of the business activity of the Copelouzos Group and of Prometheus Gas are the importation and marketing of Russian natural gas in the Greek Market, the participation in the development of the necessary infrastructure with active involvement in the construction of natural gas transmission pipelines, compressor stations and city natural gas
distribution networks. Within the interests of the company also fall the promotion and the implementation of business plans, aiming at creating new major natural gas
consumers such as the modern natural gas
fired combined cycle
power stations.
Prometheus Gas has secured for at least 50 years, through Gazprom, large quantities of gas in excess of those contracted to be imported into Greece by the state utility DEPA. These quantities amount to 3 billion cubic meters (bcm) annually until 2016 and 7 bcm annually beyond this period.
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
– Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
n joint company, established in 1991 in Athens
Athens
Athens , is the capital and largest city of Greece. Athens dominates the Attica region and is one of the world's oldest cities, as its recorded history spans around 3,400 years. Classical Athens was a powerful city-state...
. The Russian natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
export company Gazprom Export
Gazprom Export
Gazprom Export LLC. is a Russian company founded in 1973, the leading exporter of natural gas in the world, supplying Europe and the Commonwealth of Independent States. It is a 100% subsidiary of Gazprom. Gazprom Export's gas is mostly shipped by pipelines. Gazprom Export has a monopoly on gas...
, on behalf of Gazprom
Gazprom
Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...
, holds the 50% of the shares. Mr. Dimitrios Ch. Copelouzos, Chairman & Managing Director of Copelouzos Group, holds the 50% of shares.
Among the basic sectors of the business activity of the Copelouzos Group and of Prometheus Gas are the importation and marketing of Russian natural gas in the Greek Market, the participation in the development of the necessary infrastructure with active involvement in the construction of natural gas transmission pipelines, compressor stations and city natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
distribution networks. Within the interests of the company also fall the promotion and the implementation of business plans, aiming at creating new major natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
consumers such as the modern natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
fired combined cycle
Combined cycle
In electric power generation a combined cycle is an assembly of heat engines that work in tandem off the same source of heat, converting it into mechanical energy, which in turn usually drives electrical generators...
power stations.
Prometheus Gas has secured for at least 50 years, through Gazprom, large quantities of gas in excess of those contracted to be imported into Greece by the state utility DEPA. These quantities amount to 3 billion cubic meters (bcm) annually until 2016 and 7 bcm annually beyond this period.