Greece

The Greek government on Wednesday cancelled the sale of a 66 percent stake of the Hellenic Gas Transmission System Operator (DESFA) to Azerbaijan's Socar. The energy ministry announced that the Azeri company's proposal to reduce the price of the sale...

Socar (the state oil company of Azerbaijan) has acquired a 66% share in the Greek natural gas transmission network operator (DESFA). This agreement is significant in terms of gas supplies to Europe from Azerbaijan. The President of Socar, Rovnag Abdullayev will arrive...

The State Oil Company of Azerbaijan (SOCAR) announced on Friday that it has reached a principal agreement with Hellenic Republic Assets Development Fund (HRADF/TAIPED) to acquire a 66 percent stake in Greece natural gas transmission system operator - DESFA. Both...

With Greece's privatization program staggered by the failure to get even a single offer for the natural gas company DEPA, the lone bidder for the distribution branch, DESFA - Azerbaijian's state energy company SOCAR is said to hiked its...

SOCAR and Greek government have started the negotiations on privatization of Greek gas company DEPA, said President of SOCAR Rovnag Abdullayev, APA-Economics reports. To him, Azerbaijan is on the threshold of purchase of a large gas company: ‘All the issues...

Greece’s privatisation agency (HRADF) decided to push back the deadline for offers connected with the Hellenic Gas Transmission System Operator (DESFA), a 66% stake of which is about to be privately owned. Binding offers were expected to be submitted by...

The Greek government wants to get binding offers from investors shortlisted for a 66% stake in state-controlled natural gas grid DESFA by the end of the year, two sources close to the process said on Wednesday. Under the terms of...

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...

A strategy by successive governments to turn Greece into an energy hub is moving into form with the promotion of a series of investment plans focusing on the country. The TAP (Trans Atlantic Pipeline), IGB (Greek-Bulgarian pipeline), East Med...

Greek Energy Minister Panos Skourletis stated clearly that he is against the selling of 17 percent of the PPC (Public Power Corporation) adding that this is also the government's position, in an interview with Real News Sunday newspaper. Referring to the amendment...

The apparent failure of the agreement between Azerbaijan’s State Oil Company (SOCAR) to buy 66% of Greece's natural gas distribution network (DESFA) is putting a strain between Athens and the Azeri government. According to a real.gr report, Azeri authorities are dissatisfied...

Greek Productive Reconstruction, Environment & Energy Minister Panagiotis Lafazanis on Monday addressed the Parliamentary Standing Committee on Production and Trade and referring to the raise of the special duty for the reduction of gas emissions (ETMEAR) blamed the Regulatory...

The Azeri state energy company SOCAR said no to Greece on three requests made by new Greek Minister of Productive Reconstruction Panagiotis Lafazanis regarding the new Trans-Adriatic Pipeline (TAP). In his recent visit to Baku and his meeting with President...

Minister of Productive Reconstruction, Environment and Energy Panagiotis Lafazanis announced today in parliament that the new government will put an end to privatization of public companies and implement all policies announced by the prime minister on Sunday. Lafazanis announced the cancellation...

The new government of Greece will support the Trans Adriatic Pipeline (TAP) for the transport of natural gas, but in a way that will maximize Greece's benefits from the project, Energy Minister Panayiotis Lafazanis said on Tuesday. The Greek...