EC backs off gas and electricity liberalization

  • 2005-11-09
  • From wire reports
RIGA - The European Commission has terminated its legal case against Latvia over delays in liberalization of the country's natural gas and electricity markets, according to unofficial sources.

Artis Trops, a legal consultant for the Justice Ministry European and international law department, told the European affairs committee of Latvia's Parliament about the EC's decision. He said that the information was credible, since it was based on materials from EC meetings.

Still, the news had yet to be confirmed by an official letter from the EC, he added.

Trops could not say when the EC might announce its decision regarding the delays in liberalizing Latvia's gas and energy markets, as the EC has the right to keep such issues open indefinitely. He added that the EC might impose its sanctions on Latvia for the delays in another five years.