OGJ Newsletter

General Interest — Quick TakesEU ministers agree on energy compromiseStrongly backed by France, which is president of the European Union through 2008, the unbundling compromise reached June 6 (OGJ, June 16, 2008, Newsletter) was adopted unanimously Oct. 10 at the Energy Ministers meeting in Luxembourg. Controversial legislation otherwise could have separated the network operation of electricity and gas from production and supply activities.Described as “a major political agreement,” the compromise confirms that ownership of both transportation and marketing networks will be retained by the producers, but the units will be operated independently from the parent company and...

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