DOHA: Qatar Petroleum (QP) has stressed that it always give the highest importance to the regulatory compliance in all geographic areas in which it operates.
The QP was responding to the European Commission’s yesterday’s announcement that it has opened an investigation into certain terms and conditions of long-term LNG supply agreements into Europe by QP and five of its liquefied natural gas (LNG) subsidiaries that are operated by Qatargas.
The investigation will look into the potential anti-competitive implications that such terms and conditions may have on trade within the European Economic Area.
“Qatar Petroleum wishes to stress that it gives the highest importance to compliance with regulatory authorities in all geographical areas in which it operates. Qatar Petroleum looks forward to working with the European Commission to address any queries or concerns they may have in this regard”, QP said in the statement.
