Ternary iron phosphide EuFe2P2 with ThCr2Si2-type structure has been systematically studied by the measurements of crystal structure, magnetization, Mössbauer effect, transport properties and specific heat. The structural refinement result confirms no direct P-P covalent bonding. The Mössbauer spectra indicate no magnetic moment for the Fe atoms and, that the Eu ions are divalent in the whole temperatures. The Eu 2+ spins order ferromagnetically at TC =29 K, followed by a possible helimagnetic ordering below THM =26 K, where the Eu 2+ moments tilt a little from the c-axis. External magnetic field increases the TC gradually, but suppresses the THM rapidly. (Magneto)resistivity data indicate characteristic dense Kondo behavior above the Curie temperature. The result is discussed in terms of the interplay between intersite RKKY and intrasite Kondo interactions.