emg home
Agreement meets condition but late Decision on Serbia likely on Friday Global crisis significantly shifted support for democracy and markets, EBRD report shows Three barricades removed in Jarinje Dinar stronger by 0.4%, exchange rate RSD 103.44 Barricades to be removed if MPs accept agreement Committee on KiM session postponed until Friday Hoyer: Germany to decide after reviewing agreement ICJ rules against Greece over FYROM veto ICJ to deliver judgment on Macedonia's suit against Greece on Monday United Russia wins 238 seats out of 450 – Churov Positive Slovenia surprise winner of election Croatia: Kukuriku coalition wins 78 out of 151 seats in parliamentary elections IBM opens first European software test lab in Bucharest Romania’s Rompetrol starts drilling for OMV Petrom in USD 29 mln contract Piraeus Bank’s profit down in Romania while non-performing loans grow Macedonia in Osaka presented as gateway for running Japanese businesses in Europe Bulgaria's MonBat reports 17% Y/Y rise in revenue in January-September US $ 600,000 paid out as scholarships from ‘Sheikh Saleh Kamel’ fund Baltic Aviation System gives up Jat Airways Dacic:Status issue after technical negotiations Kostunica: Serbia should forget EU Obradovic, Degert, EU ambassadors to visit Krusevac correctional facility Press conference on Blic Entrepreneur of the Year 2011 award to be held European Commission’s IPA grant to be signed Dacic to visit Moscow Stefanovic: Agreement protects Serbia's interest After Agreement, chances of candidacy row Agreement on administrative border crossings (text)

EC sues Bulgaria, Romania over natural gas market access

25. November 2011. | 11:11

Source: Novinite.com

 The European Commission is starting a court suit against Bulgaria and Romania for failing to obey the natural gas market rules of the EU, the EC Representation in Sofia announced.

 The European Commission is starting a court suit against Bulgaria and Romania for failing to obey the natural gas market rules of the EU, the EC Representation in Sofia announced.

The Commission believes that Bulgaria has failed to create the necessary capacity for reverse natural gas transit at all gas interconnections, which is a necessary prerequisite for new companies to receive access to the local natural gas network, the EC Representation in Sofia explained Thursday.

"Trans-border trade can be performed only if all participants in the market have equal access to the natural gas distribution networks of the consumers, which requires that the market offers a maximum networking capacity. It is of utmost importance for all participants in the market to provide reliable and transparent information about the capacity of the gas network," the EC stated.

"Bulgaria's failure to obey the EU gas market access rules means that consumers are devoid of the opportunity have offers from other EU member states since Bulgaria's natural gas transit network is not sufficiently integrated with that of the other countries," the Commission said further.

It stresses explicitly Bulgaria and Romania's insufficient reverse transit capacities and relevant short-term services.

The Commission also notes that in Romania the operator of the gas transit network has not complied in full with the EU transparency requirements, which leads to the lack of information about the free capacities to reduce the competitiveness on the gas market, and to hamper the access of new participants.

The EC does note a certain progress on part of the Bulgarian government in rectifying the situation but it deems it insufficient, which has moved it to refer the case to the EU Court.

Bulgaria's government has recently accelerated the work on the completion of its natural gas transit interconnections with Greece, Romania, Serbia, and Turkey, whose construction is mostly funded with EU; for the time being, however, those are expected to be completed in 2013-2014.


My Web

Enter text:


05. December - 11. December 2011.