Greece’s Public Gas Company Signs Supply Deal with Gazprom

Further consolidating business ties between the countries, Greece’s DEPA Commercial signed a long-term gas supply deal with Russia’s Gazprom at more favorable terms as enery prices are soaring.

The contract, which ends in 2026, follows months of negotiation with Gazprom and DEPA said included “very competitive pricing” compared to current European gas prices from 2022 onwards but gave no details, reported the Reuters news agency.

An official who wasn’t named but said to have knowledge of the deal said it stipulated that the gas price for DEPA is indexed to the benchmark Dutch TTF price by 80percent, while the rest will indexed to the oil price for 2022.

Gazprom will continue to supply DEPA with two billion cubic metere (bcm) of gas per year, the official added, as Russia continues to be a dominant supplier of energy to the European Union which has become more reliant on Russian supplies.



ATHENS - Greece’s economy is roaring back from a 2010-18 fiscal and austerity crisis - expected to grow another 2.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


After Rare Flash Flood Emergency, Florida Prepares for More Heavy Rainfall in Coming Days

FORT LAUDERDALE, Fla. (AP) — A tropical disturbance has brought a rare flash flood emergency to much of southern Florida as residents prepared to weather more heavy rainfall on Thursday and Friday.

Greece is still celebrating the success of its two most popular teams.

NICOSIA - Following Greece’s agreement with Egypt to take in as many as 10,000 seasonal workers for agricultural jobs, Cyprus will be getting 1000 after a deal was worked out at the International Labor Conference (ILC) held in Geneva.

WASHINGTON (AP) — Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.