BMI View: Despite the sudden back down on the acquisition of DEPA by the Russian energy major Gazprom, the privatisation process and the hydrocarbon exploration in Greece are still moving along steadily. In summer, there were two positive develpments in Greece’s energy sector. Firstly, the privatisation of DESFA was approved and Azerbaijan’s state gas firm SOCAR received the 66% of the Natural gas transmission operator for a price of EUR 400mn, 35% will be owned by Hellenic Petroleum [HELPE] and the remaining 31% by the state. Secondly, it was confirmed that the long awaited interconnector of gas transmission from the …
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