- Sputnik International
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Anti-Trust Probe Launched Into LNG Supplies Deal With Qatar Petroleum - EC

© Sputnik / Sergey Krasnouhov /  / Go to the mediabankRussia's liquified natural gas (LNG) production facility (File)
Russia's liquified natural gas (LNG) production facility (File) - Sputnik International
BRUSSELS (Sputnik) - The commission will look into Qatar Petroleum's long-term agreements with the European companies to identify if the deals contained clauses stipulating any direct or indirect territorial restrictions, the press service said.

"The European Commission has opened a formal investigation to assess whether supply agreements between Qatar Petroleum companies exporting liquefied natural gas (LNG) and European importers have hindered the free flow of gas within the European Economic Area (EEA), in breach of EU antitrust rules," the commission's press service stated.

Some clauses in these agreements appeared to ban redirection of cargoes or to restrict the territories where this redirection can take place, as well as the volumes of this diversion, the commission suggested.

Such practices constitute the violation of EU antitrust legislation, according to the press release.

READ MORE: British Petroleum to Buy US LNG for 20 Years Amid Struggle for EU Market

Lake Liddell with power stations - Sputnik International
Australian Gov’t Weighs Intervention in Retail Energy Price-Setting
The share of Qatar Petroleum’s LNG supplies in the European Union’s imports is 40 percent, making the Qatari state-owned company the largest LNG supplier to the continent.

The European Union seeks to curb territorial restrictions within the EEA.

To remove these limitations in the energy sector, the European Commission has obliged Russian oil and gas company Gazprom to abandon contractual restrictions on resales of its gas within the bloc to ensure the free flow of gas on the European market.

To participate in the discussion
log in or register
Заголовок открываемого материала