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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.

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