CELEX: 32013M7066
Language: en
Date: 2013-12-13 00:00:00
Title: Commission Decision of 13/12/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7066 - CNODC / NOVATEK / TOTAL EPY / YAMAL LNG) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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                                        Brussels, 13/12/2013
                                        C(2013) 9524

                                        To the notifying parties:

Dear Madam(s) and/or Sir(s),

Subject:    Case No COMP/M.7066 - CNODC/ NOVATEK/ TOTAL EPY/ YAMAL LNG
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

1. On 14 November 2013, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation
   by which the China National Oil & Gas Development Corporation ("CNODC", China), Total E&P  Yamal  ("Total  EPY",  France)  and  OJSC  Novatek
   ("Novatek", Russia) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control  of  OAO  Yamal  LNG  ("Yamal  LNG",
   Russia) by way of purchase of shares.[2]

2. The business activities of the undertakings concerned are:

      -     for CNODC: subsidiary of China National Petroleum Corporation ("CNPC", China), which is active, mainly in  China,  but  to  a  lesser
           extent also in the EEA, in a broad range of petroleum and gas related activities.

      -     for Total EPY: active, globally, in the fields  of  natural  gas  and  oil  production,  refining  and  marketing  of  oil  products,
           petrochemicals and specialty chemicals.

      -     for Novatek : active in the fields of exploration, production, processing and marketing of natural gas  and  liquid  hydrocarbons  in
           Russia.

      -     for Yamal LNG : active in the development and (future) exploration of hydrocarbon raw materials at  the  South  Tambeyskoye  gas  and
           condensate field on the Yamal peninsula in Russia.

    After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger
    Regulation and of paragraph 5(c) of the Commission Notice on a simplified procedure for treatment of  certain  concentrations  under  Council
    Regulation (EC) No 139/2004[3].

 3. For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and
    to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article  6(1)(b)  of
    the Merger Regulation.

                                        For the Commission
                                        Signed
                                        Alexander ITALIANER
                                        Director General

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[1]   OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the  European  Union
      ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by  "internal  market".  The
      terminology of the TFEU will be used throughout this decision.
[2]   Publication in the Official Journal of the European Union No C 342, 22.11.2013, p. 8.
[3]   OJ C 56, 5.3.2005, p. 32.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE