Gazprom is against of the EU reforms on the interdiction of long-term contracts

The vice-president of board of Russian Open Society “Gazprom” Alexander Medvedev has opposed developed by the European Union (EU) reforms focused on the interdiction of long-term contracts in power industry. He has also said that it was not necessary to limit the rights of the companies on gas and oil- pipelines networks possession.
The vice-president thinks that the long-term trading activity should not be replaced by the short-term trading activity and give” a green light for activity of such companies as gone bankrupt American corporation Enron Corp. “. Medvedev has noticed that everyone is aware of the unpleasant results of such changes.
At the same time Medvedev has emphasized, that Gazprom is ready to work according to the legislation, however, he has specified, that it «would be a mistake to ignore the opinion of the power resources manufacturers “.
Now, the EU is engaged in the development of the new power policy focused on the maintenance of reliability of deliveries and a healthy competition. In particular, the question on the restriction of the rights of large power resources suppliers on possession of networks gas- and oil pipelines is properly being considered.
The chapter of Eurocommission has noted that the present situation (the termination of oil deliveries from the Russian Federation) strengthens the necessity of the EU to develop the general external power policy and to act as a united front in relation to the third countries.

This entry was posted on Sunday, January 21st, 2007 at 3:04 pm and is filed under Corporations. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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