Foreign Companies Express Interest in Greek Gas Grid

Six companies express interest for the 66 percent stake in Greece’s natural gas grid operator DESFA, the country’s privatisation agency said on Monday.

The interested investors are: Macquarie Infrastructure and Real Assets; a consortium of Italy’s Snam, Belgium’s Fluxys, Dutch-based Gasunie and Spain’s Enagas ; Romanian state-owned Transgaz with France’s GRTgaz; Spain’s Regasificadora del Noroeste; Integrated Utility Services; and Powerglobe LLC.

Shortlisted investors will be invited to submit binding offers at a later stage.

Greece must conclude the DESFA sale by the end of the year under its bailout-mandated privatisation scheme.

A previous deal to sell DESFA to Azerbaijan’s SOCAR fell through last year, after Greece passed legislation raising DESFA’s gas tariffs by a lower amount than SOCAR had expected.

DESFA owns and operates Greece’s natural gas network and a liquified natural gas terminal offshore, west of the Greek capital.

Source: Reuters