DEPA

Russian President Vladimir Putin is arriving in Greece on May 28, with the main subject topping his agenda being the promotion of a new conduit for the transmission of Russian natural gas via Bulgaria and Greece, including the utilization of the plan for the Interconnector Greece-Italy (IGI) pipeline.

Bulgaria's government has received six indicative offers to use capacity of the gas interconnector that is to be built between Bulgaria and Greece, Energy Minister Temenuzhka Petkova has said.

Russian energy giant Gazprom has said it signed a memorandum with Italy's Edison SpA and Greece's DEPA SA on gas deliveries.

A Paris-based arbitration court has decided on the behalf of Turkey's gas grid Bota? in a case against Greece's state-run energy company DEPA, said Turkish Energy Minister Taner Y?ld?z. 

"We opened an arbitration case, which was between Bota? and DEPA, in Paris four years ago. The court has made its decision on the behalf of Turkey," Y?ld?z said. 

Greece will not privatize gas company DEPA, according to Energy Minister Panagiotis Lafazanis.

A few days after issuing a decree obliging state companies to hand over their cash reserves to the state, Finance Ministry officials on Wednesday sought to spread the net as wide as possible to ensure authorities can pay civil servants? salaries and pensions this month.

Energy Minister Panayiotis Lafazanis on Wednesday insisted that Greece will roll back privatizations despite pledges made to the country's foreign lenders earlier this week.

By Chryssa Liaggou

By Chryssa Liaggou

Natural gas will be 20 percent cheaper for Greek consumers by March, while the first 5 percent drop in rates will come next month thanks to the significant decline in the commodity’s global prices, according to Environment, Energy and Climate Change Deputy Minister Makis Papageorgiou.

By Chryssa Liaggou

Athens is seeking an exit formula for oil giant Shell from the Attica Gas Corporation due to the multinational company’s intransigent attitude in negotiations for the liberalization of the natural gas retail market.