Gas Processing is Produced by Gulf Publishing Company

Your source for technology information for the gas processing industry


Poland's PGNiG urges tough stance in EU antitrust case vs Gazprom

WARSAW (Reuters) -- State-run Polish oil and gas company PGNiG urged the European Commission on Thursday to take a tough stance in its antitrust investigation into Gazprom, saying the Russian company should have to pay a fine and sell assets.

EU competition regulators said in March that concessions made by Gazprom following charges it has abused its dominant position in central and eastern European gas supplies should ease concerns of market abuse.

That provisional deal moved closer to ending one of Brussels' longest-running antitrust probes, which could have seen Gazprom fined up to 10% of annual global turnover.

However, the deal is subject to feedback from some EU states and market players, and Poland, which imports most of the gas it consumes from Russia, said in March it would use "all legal means" to block the proposed settlement.

"The European Commission should financially punish Gazprom and create competitive conditions on the gas market," PGNiG said on Thursday, presenting details of the feedback it has to send to the Commission by Friday.

Chief Executive Piotr Wozniak told a news conference that Gazprom had abused anti-monopoly laws by, for example, setting different gas prices for different clients, imposing higher prices for some clients and linking its gas supplies with control over gas infrastructure.

"We have calculated every single cent we have overpaid for the gas," Wozniak said, but declined to give a figure for this or the size of fine it was seeking for Gazprom.

PGNiG also said it wanted the Commission to take steps to prevent Gazprom from abusing its dominant position in future.

It said Gazprom should have to sell controlling stakes in companies that own key gas infrastructure in the EU, including the Jamal-Europe gas pipeline, as well as the Opal link and Katharina underground gas storage in Germany.

Wozniak said PGNiG was the last market participant to provide feedback in the EU's antitrust case against Gazprom.

"Mostly everyone has focused on its own market, but there is some agreement regarding the sale of infrastructure (...)," he said.

Reporting by Agnieszka Barteczko; Writing by Marcin Goclowski; Editing by Greg Mahlich and Mark Potter


Copyright © 2016. All market data is provided by Barchart Market Data Solutions. Futures: at least 10 minute delayed. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  Cmegroupicon                                     Icelogo

FEATURED COLUMNS

Editorial comment
-Adrienne Blume
The ongoing development of shale gas resources in the US has spurred infrastructure construction for both natural gas processing capacity and LNG export terminals.
Regional focus
-Eugene Gerden
Russian natural gas monopoly Gazprom is strengthening its presence in the gas market of the Middle East through the planned construction of an 11-metric-MMtpy–12-metric-MMtpy LNG plant in Iran.


The New LNG Imperative

Register Now

The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.

November 29, 2017 10am CST

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2015 Gulf Publishing Company.