DEPA seeks Gazprom talks

Kathimerini English - - Focus -

Un­der pres­sure­from its com­peti­tors in the whole­sale mar­ket and its likely exit from the re­tail mar­ket upon the in­sis­tence of the coun­try’s cred­i­tors, Greece’s Pub­lic Gas Cor­po­ra­tion (DEPA) is seek­ing a life­line.

DEPA chief ex­ec­u­tive Theodoros Kit­sakos is ex­pected to visit St Peters­burg, where Gazprom is based, in the com­ing days to dis­cuss a se­ries of is­sues linked to their gas sup­ply con­tract, af­ter the Rus­sian com­pany sup­plied gas quan­ti­ties to DEPA’s lo­cal ri­val, Prometheus Gas.

DEPA be­lieves this con­sti­tutes un­fair com­pe­ti­tion as Gazprom can of­fer the com­mod­ity to Prometheus, its sub­sidiary, at far lower rates.

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