Prometheus Gas II is a continuation of the collaboration between the Bank and Prometheus Gas S.A. and pertains to the renewal of the existing Letter of Guarantee for an amount of up to EUR 30 million as a means of payment security for the benefit of its gas supplier, Gazprom Export LLC, for the supply of natural gas from Russia to Greece via pipeline.

Prometheus Gas S.A. is a joint venture owned by the Russian company Gazprom Export LLC (50%) and the Greek corporate group Copelouzos Group.

The Operation has significant elements of regional cooperation impact, enabling the supply of natural gas from Russia to Greece via pipeline, thus assisting the Hellenic Republic in increasing its energy security by diversifying its energy mix and assisting the Russian Federation in increasing its export activity.