Marine Link
Friday, October 20, 2017

Antitrust Agency Probes Eni's Wholesale Gas Market Share

August 18, 2014

Italy's competition watchdog said it was investigating whether oil and gas group Eni controlled a bigger share of the domestic wholesale gas market between April 2013 and March 2014 than the 54 percent level it had declared.

Eni risks a fine of up to 1 percent of the previous year's revenue if the antitrust body comes to the conclusion that its real market share exceeded a 55 percent threshold, the authority said on Monday in a document published on its website.

The inquiry will be concluded by the end of this year, it added.

(Reporting by Valentina Za; editing by Jane Baird)

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