VOL. XLV
No 29
22-July-2002
RUSSIA/NORWAY
EU Agrees Gas Supply Compromise WithNorway And Russia
The European Union(EU) has dropped legal action which threatened revisions to existing long-termgas supply contracts with Norwegian producers, in return for a pledge thatfuture contracts will be negotiated individually by suppliers. The EU actionwas initiated under a recent directive liberalizing the European gas market,and claimed that existing long-term take-or-pay contracts were anti-competitive.The...
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