Brief: Latvijas Gaze comments on rules approved by the regulator

Latvijas Gaze AS

10/09/2015 14:14

Sept 10 (Reuters) - Latvijas Gaze AS  GZE1R.RI : 
    * Finds that rules on use of transmission system approved by 
regulator are contrary to energy law whereby free choice of 
trader shall only be available as of April 3, 2017 
    * Finds rules are contrary to share sale-purchase agreements 
whereby company has exclusive rights to natural gas 
transmission, storage, distribution, sale to April 3, 2017 
    * Says under the Rules on the Use of Natural Gas 
Transmission System published on the regulator's website, the 
exit points to the Latvian distribution system shall be set as 
soon as the rules come into force 
    * According to the interpretation provided by the regulator, 
this means that consumers are given an option to choose their 
natural gas supplier 
    * Previously it had been ruled that the introduction of such 
exit points would only be triggered by the conditions specified 
in the energy law and pertaining to the opening of the market 
    * Says given the non-observance of the energy law and the 
violation of the shareholders' rights, the Latvijas Gaze holds a 
view that the regulator should revise and amend the approved 
rules 
 
Source text for Eikon:  ID:nRSE5ZwM  
     
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