September 11, 2019 / 3:03 PM / a month ago

Gazprom must halve deliveries on most of Opal pipeline: regulator

FRANKFURT (Reuters) - Russia’s Gazprom (GAZP.MM) must immediately cut by half gas deliveries it makes via the Opal gas pipeline that is controlled by a joint venture of Gazprom and Wintershall DEA [RWEDE.UL], Germany’s Bundesnetzagentur network regulator said.

“If necessary the Bundesnetzagentur will carry out supervisory measures to ensure this,” a spokesman for the regulator said. A day earlier, Europe’s top court had overruled an EU decision allowing Gazprom to ship more gas via the pipeline.

Opal is 80%-owned by a WIGA, a joint venture of Gazprom and Wintershall DEA, while the rest is owned by a subsidiary of German utility Uniper (UN01.DE).

Reporting by Christoph Steitz, editing by Thomas Escritt

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