Wednesday October 1, 2014 Search
Weather | Athens
28o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Gazprom hosts gas price talks with DEPA as PM to meet Putin

By Chryssa Liaggou and Giorgos Terzis

Russian energy giant Gazprom met with delegates of Greeces Public Gas Corporation (DEPA) for a new round of talks on Monday aimed at preventing the latter from resorting to arbitration over the price the Russian company sells its gas to Greece. The invitation comes as Greek Prime Minister Antonis Samaras is due to meet Russian President Vladimir Putin on Tuesday.

The management of the Greek utility got the green light from the government and traveled to St Petersburg for negotiations after an unexpected invitation by Gazprom, instead of continuing negotiations through an exchange of letters.

Until late last night there was no news concerning the progress of talks, but Greek energy market sources interpret the move by the Russians as indicative of their intention to back down further on the issue of price.

The latest Gazprom offer for $405 per 1,000 cubic meters was rejected by the Greek side, while DEPA was ordered by Athens to reject any price of $400/1,000c.m. or over and to demand that the rate be applied retroactively for one year, double what the Russians are proposing.

The issue of the gas rates will be central in the meeting between Samaras and Putin in Brussels at 5 p.m. their first meeting in two years in the context of the Industry Matters conference in the Belgian capital.

Samaras has already requested that Putin push for a reduction of the price Gazprom charges DEPA for gas, as a discount on the rate which is higher that what other European countries have to pay would entail a major benefit for households and enterprises in Greece.

Athens also maintains high expectations from its relations with Moscow and wishes for Gazprom to be present in the tender for the privatization of DEPA.

ekathimerini.com , Monday Jan 27, 2014 (22:17)  
Mario Draghi to push ECB to buy Greek, Cypriot junk loans: FT
NBG Pangaea eyes listing on foreign bourse, huge portfolio
Out-of-control unpaid bills bring PPC to its knees
Banks feel optimistic ahead of stress test results
New suburban railway station opens in Athens suburb of Tavros
Transport Minister Michalis Chrysochoidis on Wednesday inaugurated a new station on the Athens-Piraeus Proastiakos suburban railway line. The new station in Tavros, near Athens's southern co...
Thessaloniki transport gets more expensive
October began with more expensive public transportation for the residents of the northern port city of Thessaloniki, as the OATH transit authority introduces fare hikes in a bid to boost rev...
Inside News
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakoss first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Truth before the battle
The coalition has lost its sense of direction in the last few months. Exactly where things went off track is not the question at this stage. What is certain is that if it continues competing...
EDITORIAL
Bending the rules
The flexibility with which laws are implemented has been a fundamental cause for concern in Greece during the post-dictatorship era. Everything becomes a subject for negotiation, even in cas...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Mario Draghi to push ECB to buy Greek, Cypriot junk loans: FT
2. New suburban railway station opens in Athens suburb of Tavros
3. Thessaloniki transport gets more expensive
4. Smallpox decimates sheep stocks in northern Greece
5. Air-raid sirens to go off all over Greece at 11 a.m. in drill
6. NBG Pangaea eyes listing on foreign bourse, huge portfolio
more news
Today
This Week
1. Air-raid sirens to go off all over Greece at 11 a.m. in drill
2. Bending the rules
3. Smallpox decimates sheep stocks in northern Greece
4. Truth before the battle
5. Thessaloniki transport gets more expensive
6. New suburban railway station opens in Athens suburb of Tavros
Today
This Week
1. Greece may opt for unusual president to avoid snap polls, Venizelos says
2. Woman allegedly buried alive by accident in northern Greece
3. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
4. Should you bet with Kissinger on where the world is heading?
5. Cypriots divided by 1974 war seek Shariah hub
6. The shocking thought of euro-dollar parity
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.