Gazprom settles gas dispute with EC, launches cooperation with Eni

  • Michaela Ceklová
  • 26.3.2017 12:24

The European Commission (EC) said on 13 March that Russia's Gazprom, suspected of abuse of dominant position in the gas market in Central to Eastern Europe, offered several concessions. The company would remove restrictions on reselling gas across borders, ensure that prices will reflect the competitive price benchmarks and promise not to use advantages of its dominant position in natural gas infrastructure. The offer comes after Poland, jointly with Ukraine, blocked increases of the OPAL pipeline capacity until 2018.  

Even though the EU is trying to reduce its dependence on Russian gas, on 21 March Gazprom signed an agreement with Italian Eni on possible cooperation in the development of the southern corridor for gas from Russia to southern Europe, including Italy. If Eni and Gazprom reach an agreement, then the project would compete with the so-called Southern Gas Corridor, an initiative of the Commission, which aims to bring gas from Caspian region to the EU. Furthermore, the agreement hints a possible partnership for importing of liquefied natural gas (LNG) .

About author: Michaela Ceklová

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