Greece to launch new tender for gas grid sale in June

Wednesday, June 7th, 2017
Last Update: 13:52
Greece will launch a new tender competition for the privatisation of its natural gas grid operator DEFSA in June, Energy Minister George Stathakis said on Tuesday.Stathakis announced the tender in an interview with Greek news website without disclosing details, Reuters reported.

The privatisation of DESFA is part of a drive by Greece to sell state assets, which is a significant condition of the country´s bailout by the European Union and IMF.

Greece and its biggest oil refiner Hellenic Petroleum had previously agreed to sell 66 percent of DESFA to Azerbaijan´s SOCAR for 400 million euros (£350 million) but that deal collapsed in November after Athens raised DESFA´s tariffs by less than SOCAR had expected and SOCAR demanded a lower price.

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