According to some reports, the government in Greece has not been able to attract investors for the privatisation of natural gas firm DEPA.

Officials closer to the matter said that the government did not receive any bids for the stake form the investors. This indicates that the country might not be able to meet the key requirement of privatisation under the terms of the international bailout. The government reportedly received no bid for DEPA and one bid gas grid operator, DESFA from Azerbaijan's SOCAR.

The deadline to submit the bids at 1000 GTM crossed without any bids being received by the Hellenic Republic Asset Development Fund, which is the privatization agency for the government.

. Russia's Gazprom, Sintez and two other Greek were expected to take part in the bidding prices for the state-run firm but they dropped plans to submit their bids. The government has now said that it will soon re-launch the privatization for DEPA soon.

Deputy Energy Minister Asimakis Papageorgiou said Monday that, "DEPA's privatization will be reviewed and re-launched very soon."