DEPA pays price of government nod to US gas

The Public Gas Corporation (DEPA) is apparently paying the price for a Greek decision to facilitate business plans that pave the way for American liquefied natural gas (LNG) to head through Greece to the Balkans and Central Europe – as in the case of the LNG terminal off Alexandroupoli – and for its own handling of the extension of the Turkish Stream pipeline.

Gazprom’s decision to supply natural gas to the Greek market via alternative suppliers is the outcome of the Russians’ dislike of Greece’s moves, breaking for the first time an informal agreement with the Greek government to exclusively supply DEPA.