December 18, 2014 11:33 AM ET

Oil, Gas and Consumable Fuels

Company Overview of M and M Natural Gas A.E.

Company Overview

M and M Natural Gas A.E. doing business as M&M GAS Co. S.A. supplies and markets natural gas both pipeline and liquefied natural gas (LNG). The company also constructs, operates, maintains, and manages natural gas pipelines, facilities, and network. M and M Natural Gas A.E. provides consultancy and project management services. The company was founded in 2010 and is based in Marousi, Greece. M and M Natural Gas A.E. operates as a joint venture between Mytilineos Holdings SA and Motor Oil Hellas Corinth Refineries SA.

Patroklou 5-7

Marousi,  15125

Greece

Founded in 2010

Phone:

30 210 68 77 300

Fax:

30 210 68 77 400

Key Executives for M and M Natural Gas A.E.

Managing Director and Chief Executive Officer
Compensation as of Fiscal Year 2014.

M and M Natural Gas A.E. Key Developments

Gazprom Reportedly Seeks Better Term For DEPA's Acquisition

Open Joint Stock Company Gazprom (MICEX:GAZP) is squeezing Athens for better terms to acquire Public Gas Corporation S.A. (DEPA), a Greek official said. Binding bids are due to be submitted on May 29, 2013. Gazprom in 2012 made a non-binding bid of €900 million. Senior Gazprom officials arrived in Athens on May 21, 2013, the third such visit since March 2013, to seek assurances that DEPA's austerity-hit customers will settle arrears of €380 million and a concession that it will not have to deposit 20% of the purchase price as a guarantee before the sale gets European Union approval. Greece has already agreed to reduce the required guarantee and is striving to resolve DEPA's liquidity problem, said Stelios Stavridis, chairman of Greek privatisation agency. "We are in the final stages to formulate the contract on the basis of which offers will be submitted," he said. "The big problem in Greece's energy market is that everybody owes to everybody else. The government wants to solve this problem," he added. Gazprom's only rival for DEPA is M and M Natural Gas A.E. but its initial bid of about €550 million was far below Gazprom's, and its parent firms own money to DEPA and compete with it in the wholesale gas market.

Gazprom To Discuss DEPA Privatization; Others Suitors Also In Race

Board of Directors’ of Open Joint Stock Company Gazprom will hold a meeting on April 12, 2013 to discuss Public Gas Corporation S.A.’s (DEPA) privatization tender. Gazprom plans to bid for DEPA. Sintez Group JSC also plans to bid for DEPA. A consortium of M and M Natural Gas A.E., Mytilineos Holdings S.A. and Motor Oil Hellas Corinth Refineries SA are also bidding for DEPA.

Update On DEPA, DESFA Privatization Process

Sintez Group JSC, Open Joint Stock Company Gazprom and a consortium of M and M Natural Gas A.E., Mytilineos Holdings S.A. and Motor Oil Hellas Corinth Refineries SA are looking to acquire Public Gas Corporation S.A. (DEPA). While Sintez along with State Oil Company of the Azerbaijan Republic (SOCAR), PPF Group N.V. and GEK TERNA Holdings, Real Estate, Construction S.A. are looking to acquire DESFA S.A. Gazprom’s Chief Executive Officer, Alexei Miller held talks with Greek officials in Athens the privatization of DEPA is only planning to bid for DEPA.

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