DEPA to Get Backdated Gas Price Cut from Gazprom
Greece and Russia's Gazprom will soon announce a new gas supply deal including price cuts backdated to last June, Reuters reported, quoting unnamed sources.
Gazprom and DEPA have been holding talks for months, with DEPA seeking a cut of between 15 and 20% in the gas supply price.
"We consider that this will be a done deal in the next few days. The lower prices will apply retroactively from June 2013," a Greek ministry official told Reuters, speaking on condition of anonymity. Gazprom declined to comment.
According to another source close to the talks, a framework agreement between DEPA and Gazprom reached last month was approved by Greek and Russian governments after a meeting between president Vladimir Putin and prime minister Antonis Samaras. The initially agreed price will be below $400 per 1,000 cubic metres of gas, down from the $470 DEPA pays now, the source added.