Extracts from the press conference by Margrethe VESTAGER, Member of the EC in charge of Competition, on Gazprom antitrust decision:

Type: News   Référence: I155756   Durée:  Lieu: Brussels - EC/Berlaymont

Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
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00:00:00 Title 00:00:05
00:00:05 Exterior view of the European Commission 00:00:05
00:00:10 Arrival of Margrethe Vestager, Member of the EC in charge of Competition, holding a press conference on Gazprom antitrust decision 00:00:05
00:00:16 Soundbite (in ENGLISH) by Margrethe Vestager: Our decision provides a tailor-made rulebook on Gazprom's future conduct. It obliges Gazprom to take positive steps to further integrate gas markets in the region and to help realise a true internal market for energy in Europe. And it gives Gazprom customers in Central and Eastern Europe an effective tool to make sure that the price they pay is competitive. 00:00:29
00:00:44 Cutaway 00:00:04
00:00:49 Soundbite (in ENGLISH) by Margrethe Vestager: There are three parts in the Gazprom's obligations. First Gazprom's costumers are free to decide what happens with their gas that they are bought. Second they have flexibility on where they want Gazprom to deliver the gas, and thirdly that they pay a competitive price for the gas. 00:00:26
00:01:14 Cutaway 00:00:04
00:01:19 Soundbite (in ENGLISH) by Margrethe Vestager: For gas actually to flow freely accross Central and Eastern Europe; it is also necessary to have the infrastructure for its transport, namely interconnectors that link national gas markets with one another. Unfortunately, the availability of such interconnectors is still insufficient in part of the region namely the Baltic States and in Bulgaria. This is why we have made it so that the obligations don't stop at just removing contractual barriers. 00:00:36
00:01:55 Cutaway 00:00:04
00:01:59 Soundbite (in ENGLISH) by Margrethe Vestager: These obligations on Gazprom they will increase cross-border competition and lead to better integrated markets which should help to keep prices down. But we wanted customers directly to be enable to ensure that the prices in the region are competitive. And that is because our competition's concerns was that Gazprom was charging higher prices in five countries: Bulgaria, Estonia, Latvia, Lithuania and Poland. 00:00:34
00:02:34 Cutaway 00:00:04
00:02:38 Soundbite (in ENGLISH) by Margrethe Vestager: If Gazprom does not agree with the customers demand within 120 days, an arbitrator is appointed that will impose a competitive gas price that takes full account of these competitive benchmarks. This will make sure that customers in these countries will not again face gas prices that are not competitive compare to the prices in Western Europe. 00:00:27
00:03:05 Cutaway 00:00:04
00:03:09 Soundbite (in ENGLISH) by Margrethe Vestager: Our decision today imposes on Gazprom a strict set of rules on how to do business in Central and Eastern Europe. It imposes a clear obligation on Gazprom and it gives effective rights to Gazprom's customers. Combined, this will enable the free flow of gas at competitive prices. 00:00:27
00:03:36 Departure of Margrethe Vestager 00:00:06
00:03:41 END 00:00:00
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