ENERGY

EU says WTO ruling confirms legal principles of its energy package

World Trade Organization rejected the Russian claim concerning alleged EU discrimination in its ‘Third Energy Package’. (File photo: AP)

The European Union welcomed a World Trade Organization decision on its energy rules on Friday, saying the WTO had confirmed the legality of its core principles by rejecting most parts of a challenge brought by Russia.

“The WTO panel did not find basis to the claim concerning the alleged EU discrimination in its ‘Third Energy Package’ against Russian pipeline transport services, service suppliers, or against Russian natural gas,” the European Commission, the EU executive, said in a statement.

"The panel ruled in favor of the EU concerning the rules on ‘unbundling’, i.e. the requirement to separate energy supply and generation from the operation of transmission networks, as well as on liquefied natural gas (LNG) and on upstream pipeline networks," it said.

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Last Update: Friday, 10 August 2018 KSA 18:47 - GMT 15:47
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