Greece receives six bids for DESFA sale

Revithoussa LNG terminal (Image courtesy of DESFA)

Six companies and consortium are among bidders to buy a 66 percent stake in Greek gas grid operator DESFA, according to the country’s privatisation agency, HRADF.

The interested investors are Macquarie Infrastructure and Real Assets; a consortium of Italy’s Snam, Fluxys of Belgium, Dutch Gasunie and Spain’s Enagas; Romanian Transgaz with France’s GRTgaz; Spain’s Regasificadora del Noroeste; Integrated Utility Services; and Powerglobe LLC.

“HRADF’s advisors will evaluate the aforementioned expressions of interest and submit to HRADF’s board of directors their recommendation regarding the candidates that qualify for the next phase of the tender,” the agency said on Monday.

The 66 percent stake sale of DESFA to Azerbaijan’s Socar did not finalize last year after the country passed legislation raising DESFA’s gas tariffs by a lower amount than Socar had expected.

Under the deal, Greece’s Hellenic Petroleum is selling its 35 percent stake in DESFA while the country is divesting the rest.

DESFA owns and operates Greek’s natural gas network and the country’s only LNG terminal on the island of Revithoussa.


LNG World News Staff

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