natgillin/translations-raw huggingface dataset:
Den væsentligste ændring, som den planlagte transaktion vil medføre, er, at E.ON i modsætning til MOL har en stærk markedsstilling inden for detailsalg af gas og elektricitet i Ungarn.
The essential change brought by the proposed transaction is that E.ON, unlike MOL, has strong market positions in the retail supply of gas and electricity in Hungary.
Med undtagelse af MOL's transmissions- og gasproduktionsvirksomheder vil transaktionen derfor skabe en vertikalt integreret enhed inden for gas- og elforsyningskæderne i Ungarn.
Therefore, except for the transmission and gas production businesses of MOL, the current transaction will create a vertically integrated entity along the gas and electricity supply chains in Hungary.
Kommissionens markedsundersøgelse har vist, at transaktionen på grund af den nye enheds næsten fuldstændige kontrol med de gasressourcer (hovedsagelig af russisk oprindelse), der er til rådighed i Ungarn, og dens vertikale integration på gas- og elmarkederne vil medføre en alvorlig risiko for udelukkelse af konkurrenterne på downstream-markederne for gas og elektricitet.
The Commission’s market investigation has established that, owing to the new entity’s nearly exclusive control over gas resources (mostly of Russian origin) available in Hungary and its vertical integration in the gas and electricity markets, the transaction would lead to a serious risk of foreclosure of competitors on the downstream gas and electricity markets.
Som anført er E.ON i modsætning til MOL aktiv downstream i forhold til engrosmarkedet for gas, inden for detailsalg og distribution af gas og elektricitet (via kontrol med to af de seks regionale gasdistributionsselskaber og tre af de seks regionale eldistributionsselskaber) og inden for elproduktion.
As mentioned, contrary to MOL, E.ON is active downstream of the gas wholesale market, in the retail and distribution of gas and electricity (through its control of two out of six regional gas distribution companies and of three out of six regional electricity distribution companies) as well as in the generation of electricity.
Det vil medføre, at den nye enheds incitamenter i forhold til downstream-konkurrenterne vil blive ændret.
This would lead to a change of incentives of the new entity vis-à-vis its downstream competitors.
Den nye enhed vil således både være i stand til og have incitamenter til at diskriminere konkurrenterne på downstream-markederne i både gas- og elsektoren.
The new entity would thus have both the ability and the incentive to discriminate against its competitors in the downstream markets both in the gas and in the electricity sectors.
For at fjerne de konkurrenceretlige betænkeligheder, som kom frem under proceduren, fremlagde E.ON den 20. oktober 2005 en pakke af tilsagn.
In order to remove the competition concerns identified during the procedure, E.ON submitted on 20 October 2005 a package of commitments.
Den 16. november 2005 fremlagde E.ON en række reviderede tilsagn.
On 16 November 2005, E.ON submitted revised commitments.
De endelige tilsagn blev fremlagt den 8. december 2005.
The final commitments were submitted on 8 December 2005.
Kommissionen mener, at tilsagnene, som på grundlag af markedsanalysen er blevet forbedret betydeligt i forhold til E.ON's oprindelige tilbud, fjerner de betænkeligheder, som tredjeparterne har givet udtryk for vedrørende behovet for at sikre tilstrækkeligt likvide gasforsyninger på det ungarske engrosmarked for gas til priser og på vilkår, som vil gøre det muligt for tredjeparter at konkurrere effektivt med den nye enhed på downstream-markederne for gas og elektricitet i Ungarn.
The Commission believes that the undertakings, substantially improved following the market test compared to E.ON’s initial offer, meet the concerns expressed by third parties as regards the need to ensure sufficient liquidity of gas on the Hungarian wholesale gas market at price and conditions which will allow third parties to compete effectively with the new entity on the downstream gas and electricity markets in Hungary.
Det foreslås derfor at vedtage en beslutning om godkendelse af fusionen med betingelser og påbud i henhold til fusionsforordningens artikel 8, stk. 2.
A clearance decision with conditions and obligations pursuant to Article 8(2) of the Merger Regulation is therefore proposed for adoption.
Ruhrgas International AG (»E.ON«) tilhører E.ON-koncernen, en privatejet energikoncern med fokus på salg af elektricitet og gas.
Ruhrgas International AG (‘E.ON’) belongs to the E.ON group of companies, a privately owned energy group with a focus on the supply of electricity and gas.
MOL Hungarian Oil and Gas (»MOL«, Ungarn) er en integreret olie- og gaskoncern, som primært er aktiv i Ungarn på markederne for naturgas, olie, brændstoffer og kemikalier.
MOL Hungarian Oil and Gas (‘MOL’, Hungary) is an integrated oil and gas group which is primarily active in Hungary on the markets for natural gas, oils, fuels and chemicals.
Det er et offentligt aktieselskab, der er noteret på børsen i Budapest.
It is a public company listed on the Budapest stock exchange.
Den ungarske stat ejer stadig 12 % af aktiekapitalen plus en golden share.
The Hungarian State still owns 12 % of share capital, plus a golden share.
Denne sag vedrører en fusion, som medfører, at E.ON får kontrol med MOL Földgázellátó Rt. (»MOL WMT«) og MOL Földgáztároló Rt. (»MOL Storage«).
The present case concerns a concentration by which E.ON acquires control of MOL Földgázellátó Rt. (‘MOL WMT’) and MOL Földgáztároló Rt. (‘MOL Storage’).
erhverver også MOL's aktier i Panrusgáz Magyar-Orosz Gázipari Rt. (»Panrusgáz«), et joint venture-selskab mellem OAO Gazprom (Rusland) og MOL.
will also acquire MOL’s shareholdings in Panrusgáz Magyar-Orosz Gázipari Rt. (‘Panrusgáz’), a joint venture company between OAO Gazprom (Russia) and MOL.
MOL Földgázszállító Rt. (»MOL Transmission«), et andet fuldt kontrolleret datterselskab af MOL, overtages ikke af E.ON gennem denne transaktion.
Mol Földgázszállító Rt. (‘MOL Transmission’), another solely-controlled subsidiary of MOL, is not acquired by E.ON through the present transaction.
MOL får i stedet en put option, som indebærer, at MOL kan kræve, at E.ON køber en 25 % plus 1-aktieandel eller en 75 % minus 1-aktieandel i MOL Transmission i løbet af de næste to år.
MOL is instead granted a put option under which MOL can require E.ON to purchase a 25 % plus 1 share or a 75 % minus 1 share interest in MOL Transmission during the next two years.
Endelig beholder MOL kontrollen med sine gasefterforsknings- og produktionsaktiviteter (MOL's upstream-gasefterforsknings- og produktionsdivision (»MOL E & P«)).
Finally, MOL retains control over its gas exploration and production business (the MOL upstream gas Exploration and Production division (‘MOL E & P’)).
Som led i transaktionen har MOL og MOL WMT imidlertid indgået en ny langvarig aftale om levering af den gas, som produceres af MOL E & P (»leveringsaftalen«).
However, as part of the transaction, MOL and MOL WMT have entered into a new long-term gas supply agreement for the gas produced by MOL E & P (the ‘Supply Agreement’).
DE RELEVANTE MARKEDER
RELEVANT MARKETS
DE RELEVANTE NATURGASMARKEDER
RELEVANT NATURAL GAS MARKETS
De relevante produktmarkeder
Relevant product markets
Under hensyntagen til de særlige forhold på de ungarske gasmarkeder har Kommissionen identificeret følgende relevante produktmarkeder i gassektoren:
Taking into consideration the specificities of the Hungarian gas markets, the Commission has identified the following relevant product markets in the gas sector:
Transmission af gas
Transmission of gas;
Distribution af gas
Distribution of gas;
Lagring af gas
Storage of gas;
Salg af gas til gashandlere
Supply of gas to traders;
Salg af gas til regionale distributionsselskaber
Supply of gas to Regional Distribution Companies (‘RDCs’);
Salg af gas til store kraftværker
Supply of gas to large power plants;
Salg af gas til store industrikunder (med et forbrug på over 500 m3/time)
Supply of gas to large industrial customers (with an hourly consumption exceeding 500 m3/hour);
Salg af gas til små industri- og erhvervskunder (med et forbrug på under 500 m3/time) og
Supply of gas to small industrial and commercial customers (with an hourly consumption below 500 m3/hour); and
Salg af gas til privatkunder.
Supply of gas to residential customers.
Siden den 1. juli 2004 har alle erhvervskunder været frie kunder, der selv kan vælge leverandør i henhold til ungarsk lovgivning.
Since 1 July 2004, all non-residential customers have become eligible customers free to choose their supplier under Hungarian law.
Privatkunder bliver frie kunder senest den 1. juli 2007.
Residential customers will become eligible on 1 July 2007 at the latest.
Den ungarske naturgassektor er en blandingsmodel, hvor der både findes et reguleret markedssegment (eller marked med forsyningspligt), der følger af det gamle gassystem i Ungarn, og et liberaliseret markedssegment (eller åbent markedssegment).
The Hungarian natural gas sector is characterised by a hybrid model, with the coexistence of a regulated segment of the market (or ‘public utility market’), resulting from the old gas regime in Hungary, and a liberalized segment of the market (or ‘open segment of the market’).
I det regulerede markedssegment er forsyningspligt-engrosselskabet (MOL WMT) ved lov forpligtet til at dække hele de regionale distributionsselskabers efterspørgsel efter naturgas med henblik på forsyningspligt, mens de regionale distributionsselskaber har pligt til udelukkende at dække deres behov for naturgas til deres forsyningspligtkunder fra forsyningspligt-engrosselskabet (til regulerede priser).
In the regulated segment of the market, the public utility wholesaler (MOL WMT) is under an obligation by law to cover the full natural gas demand for public utility purposes of the RDCs, whereas the RDCs are under an obligation to source their natural gas needs for their public utility customers exclusively from the public utility wholesaler (at regulated prices).
De regionale distributionsselskaber, forsyningspligtleverandørerne, har derefter eneret og pligt til at levere til kunderne i deres område til regulerede priser.
The RDCs, the public utility suppliers, have in turn the exclusive right and obligation to supply the customers situated in their territory at regulated prices.
Frie kunder har valget mellem fortsat at få leveret gas under en forsyningspligtkontrakt af deres traditionelle gasleverandør (deres regionale distributionsselskab eller forsyningspligt-engrosselskabet, MOL WMT, hvis kunden fik leveret gas direkte af MOL WMT) eller at bringe deres forsyningspligtkontrakt til ophør og købe den gas, de har brug for, af en gashandler eller selv importere naturgas.
Eligible customers have the choice between remaining supplied within a public utility contract by their historic gas supplier (their RDC or the public utility wholesaler, MOL WMT if the customer was supplied directly by MOL WMT) or terminating their public utility contract and purchasing their gas requirements from a trader or importing natural gas themselves.
Det forventes, at denne blandingsmodel vil forsvinde efter juli 2007.
It is expected that this hybrid model will disappear after July 2007.
Markedsundersøgelsen har bekræftet, at der findes et særskilt produktmarked for levering af gas til gashandlere i Ungarn, hvor importørerne/producenterne sælger gas til gashandlerne, og gashandlerne sælger gas til hinanden med henblik på viderelevering i det åbne markedssegment.
The market investigation has confirmed that there exists a separate product market for the supply of gas to traders in Hungary, on which importers/producers sell gas to traders, and traders sell each other gas, for onwards supply on the open segment of the market.
I det regulerede markedssegment har de regionale distributionsselskaber pligt til at købe gas til opfyldelse af deres forsyningspligtbehov fra forsyningspligt-engrosselskabet (MOL WMT).
On the regulated segment of the market, the RDCs have the obligation to purchase gas for their public utility needs from the public utility wholesaler (MOL WMT).
De geografiske markeder
Geographical markets
I dette tilfælde har undersøgelsen vist, at alle de berørte markeder er nationale med undtagelse af markederne for distribution af gas og levering af gas til privatkunder, som på nuværende tidspunkt er subnationale (dvs. begrænset til specifikke distributionsområder i Ungarn).
(In the present case the investigation has shown that all affected markets are national in scope with the exception of the markets for the distribution of gas and the supply of gas to residential customers, which are at present sub-national in scope (i.e. confined to specific distribution areas within Hungary).
DE RELEVANTE ELEKTRICITETSMARKEDER
RELEVANT ELECTRICITY MARKETS
Under hensyntagen til de særlige forhold på de ungarske markeder har Kommissionen identificeret følgende relevante produktmarkeder i elsektoren:
Taking into consideration the specificities of the Hungarian markets, the Commission has identified the following relevant product markets in the electricity sector:
Transmission af elektricitet
Transmission of electricity;
Distribution af elektricitet
Distribution of electricity;
Levering af balancekraft
The provision of balancing power;
Engrossalg af elektricitet til elhandlere
Wholesale supply of electricity to traders;
Engrossalg af elektricitet til forsyningspligt-engrosselskaber
Wholesale supply of electricity to the public utility wholesaler;
Engrossalg af elektricitet til regionale distributionsselskaber
Wholesale supply of electricity to RDCs;
Detailsalg af elektricitet til mellemstore og store erhvervs- og industrikunder
Retail supply of electricity to medium and large commercial and industrial customers;
Detailsalg af elektricitet til små erhvervs- og industrikunder og
Retail supply of electricity to small commercial and industrial customers; and
Detailsalg af elektricitet til privatkunder.
Retail supply of electricity to residential customers.
Den ungarske elsektor er også en blandingsmodel, som omfatter et reguleret segment og et åbent segment.
The Hungarian electricity sector is also characterised by a hybrid model, including a regulated segment and an open segment.
Den 1. juli 2004 blev alle erhvervskunder frie kunder.
On 1 July 2004, all non-residential customers became eligible customers.
Privatkunderne bliver frie kunder pr. 1. juli 2007.
Residential customers will become eligible on 1 July 2007.
Ligesom i gassektoren har de frie kunder ret, men ikke pligt til at skifte leverandør og kan således blive hos deres respektive regionale leverandører under en forsyningspligtkontrakt.
As in the gas sector, eligible customers have the right, but not the obligation to switch suppliers, and may thus stay with their respective regional supplier in the context of a public utility contract.
Der er dog flere kunder, som er skiftet til det åbne markedssegment i elsektoren end i gassektoren.
There are however more customers that have switched to the open segment of the market in the electricity sector than in the gas sector.
I juni 2005 tegnede det åbne segment sig for 32 % af det samlede ungarske elforbrug.
In June 2005, the open segment represented 32 % of the total Hungarian electricity consumption.
De geografiske markeder for elektricitet
Geographical markets in electricity
I dette tilfælde er de fleste af de berørte markeder nationale med undtagelse af markedet for distribution af elektricitet og detailsalg af elektricitet til privatkunder, som på nuværende tidspunkt er subnationalt (dvs. begrænset til specifikke distributionsområder i Ungarn).
In the present case, most of the affected markets are national in scope with the exception of the market for the distribution of electricity and the retail supply of electricity to residential customers, which are at present sub-national in scope (i.e. confined to specific distribution areas within Hungary).
GASMARKEDERNE
GAS MARKETS
MOL WMT indtager en dominerende stilling inden for engrossalg af gas i Ungarn
MOL WMT holds a dominant position in the wholesale supply of gas in Hungary
På grund af sit tidligere lovbestemte monopol indtager MOL WMT en dominerende stilling inden for engrossalg af gas til de regionale distributionsselskaber og til gashandlerne i Ungarn.
Due to its previous position as legal monopolist, MOL WMT holds a dominant position in the wholesale supply of gas to RDCs and to traders in Hungary.
Mens MOL WMT har bibeholdt sine tidligere monopolrettigheder i det regulerede markedssegment, har Kommissionens undersøgelse vist, at der er væsentlige hindringer for adgang til det ungarske gasmarkeds åbne segment.
While MOL WMT retains its former monopoly rights on the regulated segment of the market, the Commission’s investigation has revealed the existence of significant barriers to entry on the open segment of the Hungarian gas market.
Den væsentligste hindring for nye aktører i Ungarn er problemerne med at få adgang til konkurrencedygtige gasforsyningskilder og det ungarske engrosgasmarkeds manglende likviditet.
The main barrier faced by new entrants in Hungary is the difficulty of access to competitive sources of gas, and the lack of liquidity of the Hungarian gas wholesale market.
Specielt kontrollerer MOL WMT både nu og fremover adgangen til de indenlandske gasressourcer og til konkurrencedygtig import.
In particular, MOL WMT controls and will keep controlling access to domestic gas resources and to competitive imports.
Den indenlandske gasproduktion i Ungarn er ikke ubetydelig og var på ca. 3 mia. m3 i 2004, hvilket svarer til ca. 20 % af det samlede nationale gasforbrug.
Hungarian domestic gas production is not negligible and amounted to approximately 3 bcm in 2004, accounting for about 20 % of the total national gas consumption.
Undersøgelsen har også vist, at ungarsk gas er konkurrencedygtig i forhold til importeret gas.
The investigation has also shown that Hungarian gas is competitive compared to imported gas.
Importen udgør 80 % af det samlede gasforbrug i Ungarn og forventes at stige, da den indenlandske produktion er faldende.
Imports account for 80 % of total gas consumption in Hungary and are expected to increase, as domestic production is declining.
Der findes to adgangspunkter, hvorfra der importeres gas, det østlige indgangspunkt (Beregovo ved grænsen til Ukraine) og det vestlige adgangspunkt (HAG ved grænsen til Østrig).
There are two entry points from which to import gas, the Eastern entry point (Beregovo, at the Ukrainian border) and the Western entry point (HAG, at the Austrian border).
Undersøgelsen har vist, at al den gas, som importeres til Ungarn — og den eneste konkurrencedygtige gasforsyningskilde — er gas fra Rusland (dvs. leveret af Gazprom) eller gas fra et SNG-land (især Turkmenistan), der transporteres gennem Rusland og Ukraine (dvs. via transitrørledninger, som kontrolleres af Gazprom).
The investigation has shown that all gas imported in Hungary — and the only competitive source of gas — is gas from Russia (i.e., sourced from Gazprom), or gas from a CIS country (in particular Turkmenistan) transiting through Russia and Ukraine (i.e., via transit pipelines under the control of Gazprom).
Der forventes først at være adgang til alternative gasforsyningskilder i Ungarn i 2012, når NABUCCO-rørledningen (der transporterer gas fra Mellemøsten og området ved Det Kaspiske Hav) tages i brug.
Alternative gas sources are not expected to be available in Hungary before 2012 when the NABUCCO pipeline (bringing gas from the Middle East and Caspian area) becomes operational.
Før liberaliseringen havde MOL monopol på gasimport til Ungarn.
Prior to the liberalisation, MOL had a monopoly to import gas into Hungary.
For at sikre sin gasforsyning har MOL WMT indgået langvarige leveringsaftaler med en løbetid på op til […] (indtil […]) med Panrusgáz, Gaz de France (»GdF«), E.ON og Bothli-Trade (Bothli-Trade har overdraget denne aftale til EMFESZ, den hidtil eneste nye aktør på det ungarske gasmarked).
In order to secure its gas supply, MOL WMT has entered into long-term supply agreements with a duration of up to […] (until […]) with Panrusgáz, Gaz de France (‘GdF’), E.ON and Bothli-Trade (Bothli-Trade has assigned this contract to EMFESZ, the only new entrant so far on the Hungarian gas market).
Den gas, som MOL WMT køber af E.ON og GdF, og som importeres via det vestlige adgangspunkt, er fysisk set russisk gas og er ca. [27-37 %] dyrere end den gas, som købes af Gazprom via Panrusgáz eller af EMFESZ.
The gas purchased by MOL WMT from E.ON and GdF, imported through the Western entry point, is physically Russian gas and is approximately [27-37 %] more expensive than the gas purchased from Gazprom via Panrusgáz or from EMFESZ.
Markedsundersøgelsen har vist, at det på nuværende tidspunkt er svært for nye aktører at få adgang til russisk gas parallelt med MOL WMT's eksisterende aftaler.
The market investigation has shown that it is currently difficult for new entrants to get access to Russian gas in parallel to MOL WMT’s existing contracts.
Det ser ud til, at Gazprom ikke har noget incitament til at sælge »mere« gas til eksport til Ungarn end den gas, som er nødvendig for at dække »forsyningsunderskuddet« mellem den fremtidige stigning i den ungarske efterspørgsel og den efterspørgsel, som allerede er dækket af MOL WMT's eksisterende langvarige importaftaler.
It appears that there would be no incentive on the part of Gazprom to sell ‘more’ gas for exports to Hungary, other than the gas necessary to cover the ‘supply gap’ between the future increase in the Hungarian demand and the demand already covered by the existing long-term import contracts of MOL WMT.
Gazprom leverer allerede gennem Panrusgáz, dets joint venture med MOL, gasmængder, som dækker størstedelen af Ungarns behov.
Gazprom already supplies through Panrusgáz, its joint venture with MOL, gas quantities covering most of the needs of Hungary.
Kommissionen mener ikke, at det er muligt at købe gas af Gazprom for at konkurrere med MOL WMT.
The Commission believes that it is not possible to purchase gas from Gazprom to compete with MOL WMT.
For det første har Gazprom intet incitament til at sælge gas til en anden gashandler til en lavere pris, da mængderne blot ville fortrænge de mængder, som Gazprom allerede sælger til det ungarske marked.
First, Gazprom has no incentive to sell gas to another gas trader at a cheaper price as the quantities would simply displace the quantities it already sells for the Hungarian market.
For det andet ville gas, som Gazprom solgte til en højere pris, ikke være konkurrencedygtig i Ungarn.
Secondly, any gas Gazprom would sell at a more expensive price would not be competitive in Hungary.
Desuden har MOL WMT både nu og fremover væsentlige fordele som etableret aktør i forhold til potentielle nye aktører med hensyn til forsyningssikkerhed og omkostningerne til transmission og lagring af gas, især takket være det store kundegrundlag og de store mængder, der sælges.
In addition, MOL WMT enjoys and will keep enjoying significant incumbency advantages vis-à-vis potential new entrants in terms of security of supply, cost of transmission and storage of gas, notably thanks to its large customer base and significant volume of sales.
Af disse grunde er MOL WMT allerede inden transaktionen dominerende på de forskellige ungarske engrosmarkeder for gas (gassalg til regionale distributionsselskaber, gassalg til gashandlere, gassalg til kraftværker).
For these reasons, already prior to the transaction, MOL WMT is dominant on the various Hungarian gas wholesale markets (gas supply to RDCs, gas supply to traders, gas supply to power plants).
Indvirkningen på de ungarske gasmarkeder
Impact on the Hungarian gas markets
Salg af gas
Supply of gas
Den nye enhed vil være i stand til og have incitamenter til at udelukke sine konkurrenter (regionale distributionsselskaber og gashandlere) på markedet for gassalg til små industri- og erhvervskunder fra at købe gas engros
The new entity will have the ability and incentive to foreclose access to wholesale gas to its competitors (RDCs and traders) on the market for gas supply to small industrial and commercial customers