Brussels to probe German pipeline loans
European Competition Commissioner Neelie Kroes is set to investigate pledges apparently made by the German government to guarantee E1 billion in loans to Gazprom for its E5 billion North European Gas Pipeline project under the Baltic sea.
Ms Kroes is thought to want to know whether the guarantees made by the previous German administration constitute state aid: if so, it is likely that the commission may want to know why Brussels was not notified of the plans in advance. The commission has requested information from the German authorities so that we can verify that any state support is fully compatible with the EU state aid rules, Ms Kroes's spokesman was quoted as saying by the Financial Times. The EC says it expects a response from Berlin by May 12.
Latest News
Related News
Related Insight
Suppliers Directory
Power Generation Biofuels & Biomass Fossil Fuel Geothermal Hydro Nuclear Solar Wind
Power Distribution Utilities Network Utilities Retail
Mining & Commodities Carbon Coal Minerals & Materials Nuclear Fuels
Intelligence
“Competing For Share Of Global Upstream Oil & Gas Industry Spend In 2010-2011” is a new report published by ICD Research that analyzes how industry suppliers’ media spend, marketing and sales strategies & practices and business planning will be shaped in 2010 to 2011. In an uncertain economic climate this report gives you access to the media channel spending outlooks, media budgets, marketing agency selection criteria, business challenges and sales tactics of leading suppliers to the upstream oil and gas industry. The report also identifies oil and gas exploration and production companies and suppliers future growth, M&A and investment expectations. The research is based on an extensive survey of senior and C-level industry executives from our market leading panels. Reports Buy online from $2000

Comments may be moderated for spam, obscenities or defamation.