EC warns Norwegian gas producers on price-fixing charge

06/18/2001
The European Commission last week cautioned producers on the Norwegian Continental Shelf that the joint sale of gas through the soon-to-be-disbanded Gas Negotiation Committee (GFU) falls afoul of the European Union competition rules on the ground that it fixes price and volumes sold.Operators on the NCS, including Norsk Hydro AS, immediately contested the EC's "statement of objections," saying the EU had "no foundation for competition action" against the companies producing gas in the province.EC last week sent the statement to Norwegian state-owned oil and gas company Statoil AS, as well as Hydro-both members of GFU-warning of their alleged transgression of EU competition law. GFU ne...
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