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GDF Suez to Europe forcing more competitive gas market

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GDF Suez promises to allow greater competition in the French gas market. This is the French energy giant agreed with the European Commission, which in return the company closes an investigation.

Penalty to 83 million
The Commission had initiated an investigation against GDF Suez because they suspected that the energy giant gas pipelines and terminals for liquefied gas partitioning of the competition. GDF Suez prevented so that competitors could enter into gas Frankrijk.GDF Suez risked a fine that could reach ten percent of global turnover (83.1 billion euros). The company chose eggs for money and closed a deal with the Commission.

Competition
In 2010 and 2011, GDF Suez already a part of the open infrastructure. The capacity thus released should match ten percent of the total French gas imports in the long term. GDF Suez also promised that by 2014 its share of the import capacity to reduce up to 50 percent.

"These measures offer the competitors the opportunity to the French gas market and will the French energy consumers a wider choice and more competitive prices delivered," concluded Competition commissioner Neelie Kroes. (belga / adb)