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Gazprom & Mytilineos ink Long Term Gas Supply Contract

Gasoil News - Published on Wed, 03 Jun 2020

Image Source: Gazprom Mytilineos
Gazprom wholly-owned subsidiary Gazprom Export, and Greece's Mytilineos SA entered into a long-term contract for natural gas supplies. The document was signed by Elena Burmistrova, Deputy Chairman of the Gazprom Management Committee and Director General of Gazprom Export, and Evangelos Mytilineos, Chairman of the Board of Directors and CEO of Mytilineos SA. The contract provides for gas supplies to Greece in the period from 2020 to 2030.

The cooperation between Gazprom Export and Mytilineos S.A. began in 2017 on the basis of short-term contracts.

In 2019, a total of 588 million cubic meters of gas were delivered to Mytilineos S.A. In 2020, the parties reached an agreement to continue their collaboration under a long-term contract.

Mytilineos S.A. is one of Greece's leading companies in such sectors as metallurgy, turnkey construction of power facilities, and trading of power and gas. The company was founded in 1990 and is listed on the Athens Exchange. The consolidated revenue of Mytilineos S.A. is EUR 2.3 billion. The group's companies in Greece and abroad employ more than 3,380 people.

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Posted By : Yogender Pancholi on Wed, 03 Jun 2020
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