Interfax cited Mr Sergei Chelpanov deputy general director of Gazprom Export as saying that Russian gas giant Gazprom has changed the terms for supplying gas to the Greek company DEPA.

Mr Chelpanov said agreement with DEPA was achieved about six months ago. He said "We found a commercial solution, took defined steps aimed at increasing the competitiveness of Russian gas on the Greek market. We see real results.”

He added that "An adjustment was made. But I would not venture to say that today's gas, the gas being delivered to Greece, is cheap."

Gazprom supplied Greece with 2.1 billion cubic meters of gas in 2010 and another 0.7 billion cubic meters were delivered to Turkey. There was 1.2 billion cubic meter in the form of liquefied gas purchased, mainly in Algeria. There were also shipments from Trinidad and Tobago, Egypt and Equatorial Guinea.

(Sourced from Interfax)