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Azeri energy firm says close to buying Greece's DESFA
16:22 - 22.06.13
Azeri state energy company SOCAR said it has started talks with the
Greek government on purchasing the country's natural gas grid operator
DESFA, after being the only bidder in a failed tender for the asset
sale, Reuters reported.
"The tender procedure on the privatisation of DESFA is over and SOCAR
has started talks with the Greek government," SOCAR's President Rovnag
Abdullayev told reporters on Saturday.
"It means that the whole natural gas distribution system of Greece
will be in our hands soon."
Russian energy company Sintez and Greek-Czech group PPF-Terna dropped
out of the race for DESFA earlier this month, leaving SOCAR as the
only major player in the running.
Abdullayev said that a purchase of Greek assets would "strengthen the
export potential of SOCAR."
SOCAR wants to increase the level of its gas distribution in Greece,
>From 17 percent at present, and deliver gas from the major Shah Deniz
field off Azerbijan to the European country.
Greece failed to attract any binding bids for natural gas firm DEPA
earlier this month, meaning a key sale to meet the country's
privatisation targets under its international bailout had floundered.
Armenian News - Tert.am
16:22 - 22.06.13
Azeri state energy company SOCAR said it has started talks with the
Greek government on purchasing the country's natural gas grid operator
DESFA, after being the only bidder in a failed tender for the asset
sale, Reuters reported.
"The tender procedure on the privatisation of DESFA is over and SOCAR
has started talks with the Greek government," SOCAR's President Rovnag
Abdullayev told reporters on Saturday.
"It means that the whole natural gas distribution system of Greece
will be in our hands soon."
Russian energy company Sintez and Greek-Czech group PPF-Terna dropped
out of the race for DESFA earlier this month, leaving SOCAR as the
only major player in the running.
Abdullayev said that a purchase of Greek assets would "strengthen the
export potential of SOCAR."
SOCAR wants to increase the level of its gas distribution in Greece,
>From 17 percent at present, and deliver gas from the major Shah Deniz
field off Azerbijan to the European country.
Greece failed to attract any binding bids for natural gas firm DEPA
earlier this month, meaning a key sale to meet the country's
privatisation targets under its international bailout had floundered.
Armenian News - Tert.am