Gazprom
Cyprus
Russians Say Cyprus Restructuring Offer Initiated, but Not On Table
The Russian news agency ITAR-TASS says that there is not a restructuring offer for Cyprus on the table, however an offer has been "initiated."
Russia's Gazprom has not offered the Republic of Cyprus financial assistance in restructuring the country's banks...
Cyprus
Gazprom Offers Cyprus Restructuring Deal to Avoid EU Bailout
Russian energy giant Gazprom has offered the Republic of Cyprus a plan in which the company will undertake the restructuring of the country's banks in exchange for exploration rights for natural gas in Cyprus'’ exclusive economic zone, local media...
Economy
Greece Pins Hopes On Gas, Betting
With Greece's privatization plans lagging - and set back again when the head of the agency overseeing it stepped aside in a burgeoning scandal involving the nation's electric company - the government is hoping that bids for its money-making...
Business
Gazprom, Greece Talk Gas Sale
With international lenders pressing for Greece to speed the pace of privatizations, Prime Minister Antonis Samaras met with the head of Russia's Gazprom, Alexei Miller, on March 12 to discuss the planned sale of Greece's national gas distributor DEPA,...
Economy
Russia's Sintez Bids for Greek Gas DEPA
Moving to speed the pace of privatizations as demanded by international lenders, Greece has received a high bid for its state-run gas company DEPA of up to 1.9 billion euros ($2.5 billion) from Russian energy firm Sintez Group, the...
Economy
Financial Times: Russians Line Up for Greek Gas Sale
Two Russian bidders have emerged as frontrunners in a flagship sell-off expected to raise more than €1.5bn for Athens, putting the Greek government in a dilemma as it seeks to meet privatisation targets set by international lenders.
The emergence of...
Economy
Sale of Gas Firms to Fetch Around 1 bln
The privatization project concerning Greece's Public Gas Corporation (DEPA) and DESFA, the country's gas network operator, has drawn major interest and is likely to fetch around 1 billion euros, or even more, judging by the nonbinding offers submitted to...
Energy
Gazprom Says Greece Out of South Stream
Russian energy giant Gazprom has announced that Greece has been removed from construction plans for the South Stream pipeline that is expected to start pumping gas to Western Europe in 2015.
Senior Gazprom officials told a press conference in Moscow...
Economy
Gazprom Among Nonbinding Bidders for Greece΄s DEPA/Desfa
Greece΄s privatization agency said Tuesday that five companies or consortiums have made nonbinding offers for Greek state-owned natural gas company DEPA/Desfa, which is being sold as part of the country΄s privatization program, Dow Jones reported.
The privatization agency, the Hellenic...
Economy
Greek Electric, Gas Utilities Ask Banks for a Bailout Too
ATHENS – Short on cash and unable to pay its providers, Greece’s state-owned gas provider DEPA, supplied primarily by Russia’s Gazprom, has asked domestic banks for a loan needed to keep the power running, including to the country’s electricity...