Source Pravda.Ru

German Gas Suppliers Come To Competition Agreement

Germany's natural gas suppliers signed a pact that will increase access for rivals to the pipeline network in Europe's largest economy and allow all customers to choose their supplier from next year. The agreement, which will take effect in October and last a year, will make it easier for foreign rivals such as BP to access Germany's gas pipeline network and take market share from the incumbents such as Ruhrgas and RWE. "I expect the agreement to simplify third-party access and make cost calculation more transparent," said Economics Minister Werner Mueller in a faxed statement. "Those are the conditions needed for effective competition on the gas market and will in the end also benefit consumers." The pact is part of European Union directives to increase competition in the region's $75 billion natural gas industry and reduce prices for businesses and customers by breaking up former monopolies such as Eni and Gaz de France.

In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.

China Warns Against Travel to US and Canada
Comments
What Brexit means for international students in the UK
Another apartment building explodes in Russia. Several people killed
Another apartment building explodes in Russia. Several people killed
Stalin's granddaughter rocks at 44
Brexit: UK caught between the past and the future
US Plotting Coups in Venezuela, Cuba and Nicaragua?
US Plotting Coups in Venezuela, Cuba and Nicaragua?
US Plotting Coups in Venezuela, Cuba and Nicaragua?
US Plotting Coups in Venezuela, Cuba and Nicaragua?
US Economic War on China
Brexit: UK caught between the past and the future
Brexit: UK caught between the past and the future
Brexit: UK caught between the past and the future
Brexit: UK caught between the past and the future
US Economic War on China
Russia's 2018: Confidence in Putin gone
Terrorists claim responsibility for Magnitogorsk apartment building explosion
Terrorists claim responsibility for Magnitogorsk apartment building explosion
Terrorists claim responsibility for Magnitogorsk apartment building explosion
Ukraine's Putschist Regime Planning Belligerent Provocation Along Russia's Border
Ukraine's Putschist Regime Planning Belligerent Provocation Along Russia's Border