Greece changes term of gas privatization to accomodate Gazprom, source says

Greece changes term of gas privatization to accomodate Gazprom, source says

 

Greece agreed to change some terms in the planned privatisation of natural gas distributor DEPA, opening the way for Russian energy giant Gazprom to bid for the firm, a senior official directly involved in the sale talks said on Saturday.

Privatisation agency HRADF finalised the terms of the sale contract late on Friday, lowering the amount that DEPA’s buyer will have to deposit as a guarantee before the deal gets regulatory approval.

“The guarantee was halved to 10 percent of the purchase price,» the Greek official told Reuters on condition of anonymity.