The European Commission announced on December 17 that it has fined Bulgarian Energy Holding (BEH) €77.1 million (US$87.6 million) for blocking competitors’ access to key gas infrastructure in Bulgaria, in breach of EU antitrust rules.
The European Commission, which raided the company in 2011 in a move that led to the opening of an investigation in 2013, claimed BEH had abused its dominance to hinder competitors.
Specifically, between 2010 and 2015, BEH blocked access to Bulgaria’s gas transmission network, the country’s only gas storage facility, and the only import pipeline bringing gas into Bulgaria—which was fully booked by BEH.
Bulgarian Energy Minister Temenuzhka Petkova criticized the Commission for demanding that Bulgaria should privatize BEH’s gas network operator Bulgartransgaz in order to reach an agreement and avoid a fine.
“This is strategic infrastructure for the country, directly linked with the national security. We cannot allow compromises with our national security,” Petkova told reporters.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI