INA SHARES TO DROP?

JANUARY 26 2007 12:18h

Law on Gas Market is Disputable

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The bill on natural gas market will go to parliament to be passed, but it is hazardous for the domestic natural gas production.

In a couple of weeks, the bill on the natural gas market will be up for discussion in parliament. The bill is a financial blow to the Croatian oil company Ina and is hazardous for domestic natural gas production, which, by the bill is an energy supply branch, although not according to current Croatian laws. The bill unnecessarily regulates the separation of the Okoli underground storage. 

The law will prevent further gas lines

Such a law will directly affect the drop in Ina share prices, make the company close off all domestic gas fields and prevent the further establishment of gas lines in Croatia, that is, the construction of gas lines in counties and towns. This was concluded by experts in Ina and the Croatian Expert Gas Association, the presscut.hr writes.