Spectator on facebook

Spectator on facebook

Threat of fine for Gazprom might impact Slovakia

THE EUROPEAN Union may fine Russian natural gas giant Gazprom $15 billion for the suspicion of charging inadequately high prices to some of the EU countries. The European Commission’s pressure may boost the position of Slovenský Plynárenský Priemysel (SPP) gas utility in negotiations with Gazprom over new gas prices, the Sme daily reported in its October 4 issue.

THE EUROPEAN Union may fine Russian natural gas giant Gazprom $15 billion for the suspicion of charging inadequately high prices to some of the EU countries. The European Commission’s pressure may boost the position of Slovenský Plynárenský Priemysel (SPP) gas utility in negotiations with Gazprom over new gas prices, the Sme daily reported in its October 4 issue.

The current fees Slovakia has to pay for gas deliveries do not allow SPP to compete with companies which buy gas on the open market, according to Sme.

“It is important for us to agree on good price in new contract,” ministry spokesman Stanislav Jurikovič said, as quoted by Sme, adding negotiations might be finished in few weeks.

The investigation of Gazprom started two years ago. At the time the EC clerks made inspection in several gas companies, including SPP. The EC suspected Gazprom and the companies of making an agreement in which the firms avoided investing in pipelines that could compete with the Russian gas utility, Sme wrote.

Source: Sme

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.