EU and Gazprom have found common ground | Russia Beyond The Headlines

EU and Gazprom have found common ground | Russia Beyond The Headlines:

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The law could be passed in September and may come into effect in November 2015, with auctions to run from March 2016.
Source: ITAR-TASS

Once again, the EU is changing the access scheme to its gas pipelines, which might significantly affect Russian gas exports. The introduction of auctions on the pumping capacities is now on the agenda, to boost competition among gas suppliers.
Russia is effectively suggesting the same scheme, to ensure full access for Gazprom to the OPAL gas pipeline that carries Nord Stream gas. The monopoly faces no competition here, while the auctions applied to the South Stream project might strip Gazprom of some of its capacities.
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According to Platts agency, the European Network of Transmission System Operators for Gas (ENTSOG) and the European Commission (EC) are currently working on a bill that will bind EU operators of gas transmission systems to sell the shipment capacities of the pipelines at annual auctions for up to 15 years."

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