President of the State Oil Company of Azerbaijan (SOCAR) Rovan Abdullayev announced that the company plans to hold talks with Greek officials regarding the privatization of the national natural gas transmission system operator DESFA in Athens, adding that the negotiations will take place on 27-28 September.
Since the Azeri company was unable to reach an agreement regarding DESFA in talks with Greek Ministry of Energy and Minister Panagiotis Skourletis, it is expected that Greek Prime Minister Alexis Tsipras will get directly involved in these negotiations. A stumbling block in these negotiations are recent amendments to DESFA’s fees, which, according to Azeris, reduced the company’s value by 40 to 50 % compared to 2013 when the tender for its ale was organized. However, according to some sources, Greek Regulatory Authority for Energy (RAE) may increase DESFA’s fees for 2017 by 30-35 % instead of 23.2 % originally intended by Greek officials, which could satisfy SOCAR.
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Tags: DESFA, gas, Greece, privatization, Snam, SOCAR