Poland: UOKiK Penalizes PGNiG for Market Position Abuse

Polish gas company PGNiG was hit with 60 million zlotys ($17.5 million) of fine due to illegal market practices on Tuesday, reports Reuters.

PGNiG was penalised by the anti-monopoly office UOKiK because it disrupted competition in Poland’s retail gas market. The company was penalized after it refused to give privately owned NowyGaz access to its gas supplies.

PGNiG said it would appeal against the decision within 14 days. Shares of the company were down 0.7 percent at 11:00 GMT, says Reuters.

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LNG World News Staff, July 11, 2012