Gazprom reaches provisional gas deal with EU

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The provisional deal reached between Russian gas giant Gazprom and the EU Monday will enable the free flow of gas in Central and Eastern Europe at competitive prices, says the Commission.

The EU executive is now inviting comments from interested parties on the commitments submitted by Gazprom to address the Commission’s competition concerns as regards gas markets in Central and Eastern Europe.

Competition Commissioner Margrethe Vestager welcomed Gazprom’s commitments, saying they “address our competition concerns and provide a forward looking solution in line with EU rules.” She said they would “help to better integrate gas markets in the region. This matters to millions of Europeans that rely on gas to heat their homes and fuel their businesses.” …

Read more : EUBusiness, 13.03.2017