UPI: Gazprom considering bid for Greece's DEPA

Russian state-owned energy firm Gazprom says it's considering bidding for Greek counterpart DEPA as cash-strapped Athens seeks to sell state assets.

Greece announced last month its Public Gas Corp. would be put on the auction block as part of the debt-burdened country's efforts to raise $25 billion through the sale of government-owned property -- a condition of its European bailout package.

Also being put up for sale is the Greek gas pipeline operator DESFA. Together the sale of the gas infrastructure could generate as much as $2.6 billion.

About 20 companies are expected to make bids by Thursday with a final selection to be revealed in early August.  MORE