Gazprom agreed to remove barriers for re-export of gas in Europe

13 March 2017, 20:58 | Economy
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Russian "Gazprom" presented to the European Commission obligations on the settlement of the antimonopoly case, where it undertook to remove in the contracts all the barriers preventing free flow of gas in the markets of Central and Eastern Europe. In addition, the company agreed to take proactive steps to ensure greater integration.

For example, Gazprom committed to eliminate all direct and indirect contractual restrictions that prevent its customers from reselling gas abroad or making it less economically attractive. At the same time, Gazprom agrees to include a number of important changes in the conditions for the revision of gas prices for five countries: Bulgaria, Poland, Estonia, Latvia and Lithuania. Gazprom also refuses to demand compensation from Bulgaria for the disruption of the South Stream gas pipeline construction project.

The European Commission will collect the offers of the clients within seven weeks regarding the obligations offered by Gazprom in the framework of the antimonopoly case, and then it will take a final decision.

"If a positive decision is taken, the EC can establish these obligations legally binding for Gazprom,. If the company violates these obligations, the European Commission can impose a fine of up to 10% of the company's global revenue without having to prove that the company has violated antitrust rules, "the EC said in a statement..

Recall that the EC initiated an investigation into the potential violation of the antitrust laws of the European Union by Gazprom in 2012.

In April 2015, the EC issued an official Notice of Claims. The EC referred to three possible anticompetitive practices in which the Russian company was suspected: "Gazprom" may have shared gas markets, hindering the free flow of gas through the territory of the member states, possibly hampered the diversification of gas supplies, and could establish unfair prices for its customers, Tying gas prices to oil prices.



On September 28, 2015, Gazprom sent a written response to the EC to the Notice of Claims under the antitrust investigation of its activities in the countries of the European Union in which it pleaded not guilty to any of the points.

Earlier it was reported that Russian Gazprom filed an application for participation in the trial of the Polish state oil and gas company PGNiG against the European Commission in the European Court regarding the agreement on the use of the OPAL.




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