Greece’s business map in the energy sector is entering a phase of rapid reorganization, with the merger of Heron (of GEK Terna) and NRG (Motor Oil) intensifying competition by accelerating concentration and the entry of a new player into the crucial sector of LNG trading changing the terms of the game.
The dynamic entry of Aktor, in collaboration with state gas company DEPA, into LNG trading, in contrast to the Heron-NRG merger, which had been largely discounted by the market, stirred up the waters and added new uncertainties in relation to the plans and long-term strategies of groups with an established presence in the energy sector.
Aktor’s collaboration with DEPA, through Atlantic-SEE LNG Trade, for the trading of LNG in Southeastern Europe, combined with the privileged relationship it has developed with the US for the transport of American LNG, has paved the way for the expansion of its activities in the energy sector.
This strategic direction was confirmed by Aktor’s CEO, Alexandros Exarchou, who recently said that “we will throw our weight into this sector and, in this context, we will examine and exploit every opportunity we see.”