Subscribe free to our newsletters via your
. GPS News .




OIL AND GAS
Gazprom abusing market position, EU says
by Daniel J. Graeber
Brussels (UPI) Apr 22, 2015


disclaimer: image is for illustration purposes only

Russian natural gas company Gazprom may be violating antitrust rules in Central and Eastern European markets, the European Commission said Wednesday.

"I am concerned that Gazprom is breaking European Union antitrust rules by abusing its dominant position on EU gas markets," EU Commissioner in charge of competition policy Margrethe Vestager said in a statement. "We find that it may have built artificial barriers preventing gas from flowing from certain Central Eastern European countries to others, hindering cross-border competition."

European market rules discourage companies from controlling both reserves and delivery mechanisms. In its Wednesday complaint, the European Commission said Gazprom may be trying to partition regional gas markets by discouraging cross-border sales. This, in turn, meant the Russian company could abuse its market position through unfair prices and abusive contractual obligations.

The European charge comes one day after a group of regional energy companies known as the Magritte Group said diversification of routes, storage and exploitation of reserves were important elements for a secure European energy market.

Magritte Group leaders last year said a "harmonized" European energy policy that emphasizes interconnectivity, increased competition and more access to clean and reliable sources of energy is necessary for the future.

The European market gets about 20 percent of its gas needs met by Russia, though most of that runs through a Soviet-era transit network in Ukraine. Conflict in the former Soviet republic, and ongoing contractual rows between Kiev and Gazprom, create risks to European energy security.

Azerbaijan has emerged as an alternative gas supplier for the European market. U.S. officials have said increased European trade in liquefied natural gas from shale could push Russia aside.

There was no comment from the Kremlin or Gazprom on the European Commission's charges. Vestager said the Russian company has 12 weeks to reply to the European objections.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
How Much Longer Can OPEC Hold Out?
Washington DC (SPX) Apr 21, 2015
OPEC has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. When OPEC speaks, the world listens in rapt attention as it accounts for nearly 40 % of the world's total crude output. With its headquarters in Vienna, Austria, one of the mandates of 12- member OPEC is to "ensure the stabilization of oil mar ... read more


OIL AND GAS
Most comprehensive study to date reveals evolutionary history of citrus

Diversity in a monoculture

In parched California, Beverly Hills may go greener by going brown

Nitrogen deposition reduces Swiss plant diversity

OIL AND GAS
NIST tightens the bounds on the quantum information 'speed limit'

On the road to spin-orbitronics

Future electronics based on carbon nanotubes

Computers that mimic the function of the brain

OIL AND GAS
China corporate jet sales 'dire' after graft sweep

Iran needs 'up to 500 airliners' in next decade

Saab, Embraer formalize deal for Brazil's fighter program

Selex ES supplying seek-and-track system for Gripens

OIL AND GAS
Luxury auto party over in China as growth slows, graft drive bites

Tesla struggling to electrify China car market

Carmakers race to China auto show despite market slowdown

China's Ninebot buys US scooter firm Segway

OIL AND GAS
China to launch three new free-trade zones

Fast-track trade deal stirs U.S. pot

Coca-Cola to buy Chinese protein drinks business

Egypt joins China-based infrastructure bank, hopes for funds

OIL AND GAS
Citizen scientists map global forests

Researchers map seasonal greening in US forests, fields, and urban areas

Deforestation is messing with our weather and our food

Mild winters not fueling all pine beetle outbreaks in western US

OIL AND GAS
Protecting nature on the fly

TRMM rainfall mission comes to an end after 17 years

Last stretch before being packed tight

Conservation from 5,000 feet

OIL AND GAS
Chemists create tiny gold nanoparticles that reflect nature's patterns

Optics, nanotechnology combined to create low-cost sensor for gases

Water makes wires even more nano

Light-powered gyroscope is world's smallest




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.