EU Approves Distrigas Commitments To Open Market

Law360, New York (October 11, 2007, 12:00 AM EDT) -- The European Commission announced on Thursday that it has officially approved an agreement by Distrigas AG, Belgium's main gas distributor, to address concerns about the company's long-term gas supply contracts, a move it says will help open the country's gas market.

“Prior to the liberalisation of the gas markets, Distrigas was the only gas supplier on the Belgian wholesale market and it continues to be able to set prices and other conditions on the market,” said Competition Commissioner Neelie Kroes.

“Its long-term gas supply contracts make...
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