09:24 GMT +319 November 2017
Live
    The stand with the Gazprom company's logo at the Sochi International Investment Forum 2016

    Polish Company Urges Gazprom to Sell Pipeline Stakes Amid EU Antitrust Probe

    © Sputnik/ Maksim Blinov
    Europe
    Get short URL
    0 396213

    Poland called on Russian energy giant Gazprom to sell its stakes in the Opal and Yamal-Europe pipelines amid the European Commission's antitrust investigation into Gazprom's market share, Polish state gas company PGNiG said Thursday.

    WARSAW (Sputnik) — The Polish company issued a statement with listed demands to Gazprom, which it intends to hand over to the European Commission in the framework of anti-trust investigation.

    The PGNiG, in particular, demanded from the Russian energy giant to sell its stakes in a number of subsidiaries with pipeline and storage infrastructure ownership in the European Union.

    Apart from Opal and Yamal-Europe gas pipelines, Russia should be deprived of the Katharina underground gas storage in Germany, among other assets linking energy infrastructure with trade agreements as well as any installations allowing Gazprom to retain exclusive control over gas supplies to Eastern and Central Europe, according to PGNiG.

    In 2015, the European Commission launched an antitrust case against Gazprom, accusing it of hindering competition and unfair pricing for its eastern and central European clients. This included fragmenting the market with restrictive contracts, linking gas prices to an oil basket rather than European auctions and seeking access to gas transport infrastructure in client countries when offering supply contracts. Gazprom made proposals to eliminate these practices in 2016.

    In March, the European Commission said it was satisfied with Gazprom's commitments to address its concerns with the company's monopoly abuse practices in eastern and central European countries, such as Bulgaria, the Czech Republic and Poland.

    The Polish side criticized the EU Commission decision, stressing that proposals neither solved the problem of Gazprom’s violation of EU competition laws nor guaranteed that the rules would not be broken in the future. Poland's main objections were related to proposals on gas re-export prohibitions, pricing mechanism reviews and the absence of a decision on the issue of the Yamal gas pipeline. Poland was also not satisfied with the fact that Gazprom would not suffer any consequences, including financial ones, for its abuses.

    The Opal pipeline connects Europe’s gas transportation network with the Nord Stream pipeline, which was built in 2010 to supply Russian gas along a Baltic Sea pipeline to northern Germany.

    The Yamal–Europe pipeline supplies gas from Russia's Yamal peninsula via Belarus and Poland to Germany.

    Related:

    Poland 'Bargaining' Beneficial Conditions by Refusing to Extend Gazprom Deal
    Ukraine, Poland Condemn Expansion of Gazprom Access to Opal Pipeline
    Poland’s State Gas Company Skeptical About Price Dispute Settlement With Gazprom
    Gazprom Offers Poland to Extend Gas Transit Contract - Deputy Chairman
    Tags:
    gas supplies, investigation, European Commission, Gazprom, Poland
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment