Managing Director of the local subsidiary of State Oil Company of Azerbaijan (SOCAR), Amar Mammadov said that the company is dissatisfied with the amendment intended to reduce the regulatory asset base of Greek natural gas transmission system operator DESFA, which is used to determine DESFA’s revenues. The amendment was submitted by the Greek Minister of Energy and Environment Panos Skourletis.
Minister Skourletis justified the move with the claim that existing regulations would lead to gas network usage fee hikes of about 68 %, which would negatively impact both households and local industry. However, Mammadov explained that SOCAR never insisted on the 68 % increase of DESFA’s network usage fees for households consumers and expressed his dissatisfaction with this move by the Greek Ministry, which was made without prior consultations with SOCAR.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: acquisition, DESFA, gas, Greece, regulations, SOCAR