EU Watchdogs Scrap Qatar Energy Probe

EU antitrust regulators on Friday scrapped their investigation into Qatar Energy after evidence they collected did not confirm their initial concerns.

“Today’s closure decision is based on a thorough analysis of all relevant evidence, including information received from Qatar Energy and the European gas importers,” the European Commission said in a statement.

Reuters exclusively reported last month that the state-owned company was no longer in the EU crosshairs. read more 

The EU investigation opened in 2018 focused on Qatar Energy’s supply agreements with European gas importers and their ability to sell liquefied natural gas in alternative destinations within Europe. Regulators were concerned that Qatar Energy’s actions would hamper efforts at creating a single EU-wide gas market that will help improve efficiency, as well as transparency in the supply of fuel.

Qatar Petroleum was thought to be unlikely to face further EU antitrust action three years after EU regulators opened an investigation into its 20-year gas contracts on concerns that these may hinder the development of a single gas market in the 27-country bloc, sources said.

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