Binding bids are due to be submitted on 29 May for DEPA, which posted a net profit of €106 million last year. Gazprom last year made a preliminary bid of €900 million.
Gazprom is already DEPA's main supplier, providing about 60% of its gas last year. It cut its supply prices by about 7% in 2011, but Greek energy players say prices are still high compared with what Gazprom charges in other parts of Europe with more competition.
Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its position as the only major player in the running.
EurActiv.com with Reuters