Romania: Transgaz is interested to buy DESFA, the gas grid operator from Greece

Baku, December 6, AZERTAC

The Romanian Transgaz, which operates the gas grid, will analise if it will buy its counterpart from Greece, DESFA, said the company in a statement, according to

The decision will be taken by the major shareholder of Transgaz, which is the Romanian state.

The release came after some articles in the media from Greece, showing that Transgaz is interested to buy DESFA.

According to the local newspaper Kathimerini, a few hours after the breakdown in talks between Athens and Azeri state company Socar concerning the acquisition of a 66 percent stake in DESFA by the latter, it became known that Greece’s gas grid operator has attracted the interest of its Romanian peer Transgaz.

Sources say that last week Transgaz officials visited DESFA’s co-owner Hellenic Petroleum as well as Energy Minister Giorgos Stathakis and expressed their interest in a stake in the Greek gas grid operator.

The representatives of the Romanian company told the Greek side that they intend to pay a similar amount to what Socar had pledged (400 million euros), dubbing it reasonable and feasible.

They added that they are already in talks with European banks which are ready to finance this Romanian investment in Greece.

© Content from this site must be hyperlinked when used.
Report a mistake by marking it and pressing ctrl + enter


Fields with * are required.

Please enter the letters as they are shown in the image above.
Letters are not case-sensitive.