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Greece to buy Russian gas at discounted price

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Staff writer ▼ | June 7, 2014
Greece will buy Russian gas at a price of $396 per 1,000 cubic metres, Georgios Chelikidis, the General Manager of Prometheus Gas S.A., a Greek-Russian joint venture with participation of Russia's Gazprom Export, told Itar-Tass.
Greece gas
Greece gasGreece will buy Russian gas at a price of $396 per 1,000 cubic metres, Georgios Chelikidis, the General Manager of Prometheus Gas S.A., a Greek-Russian joint venture with participation of Russia's Gazprom Export, told Itar-Tass.


Mr. Chelikidis said Greece had recently signed a contract with Russia's gas giant Gazprom within the framework of the current intergovernmental agreement on gas supplies up to 2016, with an option of extending it for 10 years more, GreekReporter reports.

"We have signed a good contract with Gazprom, both in terms of the price and in terms of supplies volumes. The contract satisfies both Greece and Gazprom. It provides for annual gas supplies of about two billion cubic metres from 2016. Moreover, it provides for a certain margin - the Greeks may take more if they need," said Mr. Chelikidis.


 

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