By Kevin McCauley
Greece’s government-owned natural gas combine, DEPA, has tapped APCO Worldwide to help deal with fallout connected to the debt chaos that has rocked the country.
Market turmoil has dealt a blow to Athens’ move to privatize Depa and a plan to transport Asian natural gas via a pipeline through Greece and Italy into the rest of the Continent. The European Union is pushing the project in order to cut its reliance on gas from Russia.
Reuters reported Nov. 4 that a Greek default or exit from the Euro zone could threaten the pipeline because the international group formed to build it relies partly on financing from Depa.
Qatar and Azerbaijan, which will supply the gas for the Greek project, have expressed interest in taking an investment stake in Depa, according to a Bloomberg report of Oct. 27.
APCO’s Jon Gregory, legislative assistant for former Virginia Congressman Norman Sisisky, has signed on as lobbyist for Depa.
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