Azerbaijan has backed away from the purchase of the Greek gas transmission system operator DESFA. Indeed, the State Oil Company of Azerbaijan Republic (SOCAR) demanded  the Greek government to reduce further the purchase price, but Greece refused, stating it was bound by legal constrains.

In 2013, SOCAR, which wanted access to the European Union and European lucrative gas networks, won a tender for the purchase of a 66% stake in DESFA for €400m.

DESFA owns and operates Greek's sole high-pr...

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