Friday, September 6, 2019

Gazprom adopted amendments to

Gazprom adopted the amendments to the EC agreement on the OPAL

"Gazprom" adopted changes to the European Commission in agreement on OPAL, told the deputy chairman "Gazprom" Aleksandr Medvedev.

"The Commission made no changes in the agreement - she put demands to the German regulator to amend, we got them"- said Medvedev.

"We analyzed in detail and came to the conclusion, although it is preferred not to deal with the unilateral change of previously agreed conditions, and if you change, then the change in the result of negotiations, not taking such behaviors. Miller (head "Gazprom" Alexei Miller), we agreed, and we go out on signing. The process is"- said deputy chairman "Gazprom".

"When all four signatures appear on this agreement a modified, it will open the way to the fact that in January OPAL power will be distributed in accordance with this agreement. We can use more power than now. It depends on the results of the auction, but we plan to 90% OPAL we can get on this procedure"- A. Medvedev said.

As reported, in 2009 the European Commission agreed to exclude OPAL from under control, demanding to hold an auction for the Czech market "gas release" (Sale of gas in accordance with the conditions established by the regulator). "Gazprom" He refused to comply with this condition, and 50% OPAL facilities were frozen. Now the European Commission reduces the reserve to 10% (with a third party demand may increase to 20%), while the remaining 40% will be put up for auction, and "Gazprom" be able to take part in it.

Additional 40% OPAL capacity of - calculating its design capacity of 36 billion cubic meters. m per year - can give "Gazprom (MCX: GAZP)" 14.4 billion cubic meters. m per year, or 39.5 million cubic meters. m per day.



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