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SOCAR Close to Buying Greece's DESFA, Tender is Over

Azerbaijan 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.

"The tender procedure on the privatisation of DESFA is over and SOCAR has started talks with the Greek government," SOCAR's President Rovnag Abdullayev said.

"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."

Source: Reuters

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