"Commission imposes heavy fine on two major European gas companies for operating a market-sharing agreement"*I. Introduction On 8 July 2009, the Commission imposed fines totalling € 1.106 billion on E.ON AG and its subsidiary E.ON Ruhrgas AG (Germany) and GDF Suez SA (France) for market-sharing in breach of the rules on cartels and restrictive business practices (Article 101 of the Treaty on the Functioning of the European Union or TFEU) . These are the first fines imposed by the Commission for an antitrust infringement in the energy sector. The Commission found that in 1975, when Ruhrgas AG (now E.ON Ruhrgas, part of the E.ON group) and Gaz de France (‘GDF’, now part of GDF Suez) decided to build jointly the MEGAL pipeline across Germany to import Russian gas into Germany and
The EU Commission imposes heavy fines on two European gas companies for operating a market-sharing agreement (E.ON / GDF Suez)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.