Media report: Socar deal for Greece natgas grid on shaky ground

21 July 2016
635 Views

The leftist Greek government appears unwilling to withdraw draft legislation amending the framework for natural gas tariffs in the country, despite a warning by Azerbaijan’s state-run Socar that possible changes will jeopardize a deal for Greece’s natgas grid.

According to a EurActive report, which quoted an energy ministry official in Athens said this week, the Azerbaijan company worked out a deal with the previous Greek government in 2013 to buy a 66-percent stake in the country’s natural gas grid operator DESFA for 400 million euros.

However, the acquisition has not been completed, with the report stating that Socar must divest 17 percent of DESFA to a third party in order to address EU anti-trust concerns.

You may be interested

The U.S Pentagon confirmed images of UFO’s over navy ships
DEFENCE
shares16 views
DEFENCE
shares16 views

The U.S Pentagon confirmed images of UFO’s over navy ships

Panos - Apr 14, 2021

The Pentagon has confirmed that images and videos showing unidentified flying objects buzzing over Navy warships off the coast of…

Tsitsipas moves into 16 at Monaco Masters after beating Karatsev in 2 sets
GREECE
shares12 views
GREECE
shares12 views

Tsitsipas moves into 16 at Monaco Masters after beating Karatsev in 2 sets

Panos - Apr 14, 2021

Fourth-seeded Stefanos Tsitsipas advanced to the final 16 of the Monte Carlo Masters in Monaco after defeating Russia’s Aslan Karatsev…

Johnson & Johnson vaccine suspended in the US after blood clot cases reported
GREECE
shares21 views
GREECE
shares21 views

Johnson & Johnson vaccine suspended in the US after blood clot cases reported

Panos - Apr 14, 2021

The US federal health services are expected to request an immediate suspension of the Johnson & Johnson Covid-19 vaccine after…

Leave a Comment

Your email address will not be published.