Gazprom changes terms for supplying gas to Greece
MOSCOW. Aug 30 (Interfax) - Russian gas giant Gazprom has changed the terms for supplying gas to the Greek company DEPA, the deputy general director of Gazprom Export, Sergei Chelpanov, said during a conference cal for investors.
Agreement with DEPA was achieved about six months ago, Chelpanov said. "We found a commercial solution, took defined steps aimed at increasing the competitiveness of Russian gas on the Greek market. We see real results," he said.
"An adjustment was made. But I would not venture to say that today's gas, the gas being delivered to Greece, is cheap," Chelpanov said.
Gazprom supplied Greece with 2.1 billion cubic meters (bcm) of gas in 2010, and another 0.7 bcm were delivered to Turkey. There was 1.2 bcm in the form of liquefied gas purchased, mainly in Algeria. There were also shipments from Trinidad and Tobago, Egypt, and Equatorial Guinea.