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Cabinet puts off transfer of transmission system from SPP to Eustream

At its meeting on Wednesday, the Slovak cabinet deferred a decision on whether to transfer ownership of Slovakia’s gas transmission system and transport activities from gas utility SPP to another company, Eustream. "The cabinet did not deal with this material as the new minority shareholder has still not definitely entered into SPP," Economy Ministry spokesman Stanislav Jurikovič told the SITA newswire.

At its meeting on Wednesday, the Slovak cabinet deferred a decision on whether to transfer ownership of Slovakia’s gas transmission system and transport activities from gas utility SPP to another company, Eustream. "The cabinet did not deal with this material as the new minority shareholder has still not definitely entered into SPP," Economy Ministry spokesman Stanislav Jurikovič told the SITA newswire.

Approval of the transfer of the gas transmission system and transport activities of SPP to Eustream was supposed to be the next step to full unbundling of the Slovak gas carrier from its parent company. The transfer of the transmission network and transport activities should be completed by the end of February. Subsequently, Eustream will be able to ask the Regulatory Office for Network Industries (ÚRSO) for the required certification.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
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