UPDATE 2: EU court cancels Gazproms access to 100% of OPAL - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE 2: EU court cancels Gazproms access to 100% of OPAL

(Adds details in fifth paragraph)

WARSAW, Sep 10 (PRIME) -- The E.U. Court of Justice has made a decision to cancel a previous ruling of the European Commission that allowed access of Russian gas giant Gazprom to 100% of the OPAL natural gas pipelines capacities, the court said in a statement on Tuesday.

The General Court annuls the Commission decision approving the modification of the exemption regime for the operation of the OPAL gas pipelineThat decision was adopted in breach of the principle of energy solidarity, the court said.

In separate statements, Polands Ministry of Energy said that the courts decision was favorable to Poland, while Minister Krzysztof Tchorzewski said that the move destroys Gazproms monopoly in Europe and that it is important in light of the upcoming expiration of the companys gas transit contract with Ukraine.

Gazprom will have to reduce exploitation of the Nord Stream pipeline, which will make it unlikely for the company to reject the transit through Ukraine, Tchorzewski said.

CEO of Polish oil and gas company PGNiG Piotr Wozniak said in a news conference that the courts decision could improve the negotiating position of Kiev in its gas dispute with Moscow. The Russian gas transit through Ukraine should rise by at least 12.5 billion cubic meters per year, he added.

Under the third energy package, Gazprom has access to half of the OPAL capacities, or to 12.8 billion cubic meters. The European Commission decided in October 2016 that Gazprom will retain its right to use half of the pipelines capacity and will be given admission to auctions for another 40%. PGNiG challenged the decision in December of the year saying it is a threat to safety of gas supplies to the E.U.


10.09.2019 14:11
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 69.4191 +0.6486 22 feb
USD 64.3008 +0.5595 22 feb
Stock Market Indices
1D 1W 1M 1Y
rtsi 1526.70 -0.59 17:10 21 feb
micex 3116.56 -0.27 17:40 21 feb
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 232.62 -0.84 16:12 21 feb
lkoh 6514.50 -0.44 16:12 21 feb
rosn 463.50 -1.47 16:12 21 feb
sber 250.42 +0.11 16:12 21 feb
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 69.6750 +0.8450 14:59 21 feb
USDTD 64.3800 +0.4775 16:33 21 feb