“The European Parliament approved the “act of solidarity” for the gas market of EU

In accordance with the document, the EU countries are obliged to share gas with your neighbors in the event of a crisis situation

Photo: panthermedia/vostock-photo

– EU countries will be obliged to share gas with their neighbors in a crisis situation, starting with the upcoming winter, in line with the “law of solidarity”, approved by the European Parliament last week.

The European Council already approved the text of the law is expected to formally approve it in the coming weeks.

“Further discussions will not. This is the end of the legislative procedure, and the text of the law will not change. The European Council will formally approve it in the coming weeks, although the date of the adoption of the law is not appointed yet”, – said the representative of the EU.

“The principle of solidarity” in accordance with the processed document means that in the event of a crisis in gas supplies to a country in the EU priority for its neighbors should be providing gas to homeowners and hospitals faced with the problem of the country and not the supply of private industrial users.

The principle can also be extended to the supply of gas to power plants, if it turns out that the functioning of the supply system of the state, faced with the shortage of gas will be threatened.

The new legislation initially faced stiff opposition from several EU countries. So, in the UK it has been used by supporters of Brexit, as an argument in favor of the country’s withdrawal from the European Union.

Someone who will have

The European Council, European Parliament and European Commission have carried out several rounds of tripartite talks to reach a compromise and create the final version of the “law of solidarity”.

“The negotiations were difficult. Disputes caused, for example, such a time as the compensation mechanisms and the question of whether “solidarity” to be required”, – have informed “Interfax” the representative of the EU.

However, questions remain about how EU countries will offset each other, the cost of emergency gas supplies, as well as lost revenue.

In the text of the law says that the state is requesting gas in accordance with the “principle of solidarity” must “to quickly pay or to guarantee the timely payment of fair compensation to the country providing the assistance.”

Compensation should at least cover the cost of gas delivered and the associated costs, and costs related to possible legal and arbitration proceedings stated in the law.

The new law also includes a “transparency condition”, requiring gas companies to provide regulators with data on long-term commercial gas contracts. This requirement applies to contracts that provide 28% of annual gas consumption in certain EU country. In the preliminary version of the law, the figure was 40%.

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