Competition proceeding against energy giant MOL

September 1, 2014

Proceedings against energy giant MOL terminated without finding an infringement

The competition enforcement proceedings initiated against MOL, a major Hungarian oil and gas public limited  company, for an alleged abuse of dominance have been  terminated with a commitment according to which in the next five years the changes  made to the wholesale listed prices of MOL will be tighter (within  a range  of +/-one per cent) and will reflect  the changes  made to the Platts reference prices. The question of whether this will be sufficient to attract  new entrants to the Hungarian wholesale diesel fuel market  remains  open.

You can read here the article published in the Antitrust Newsletter of the International Bar Association by dr Bálint Bassola, LL.M. and dr Oszkár T. Veress, LL.M. Eur.