GTS reports act of fraud

16 Jan 2019

Gas transmission operator GTS has established that a company has acted incorrectly while trading gas in the GTS-system in the final weeks of 2018. This company has acted misleadingly in the financial settlement, incurring approximately 16 million euros in costs for GTS. GTS has reported this as an act of fraud. The license of this company has also immediately been withdrawn. Actions have been set in motion to enable recovery of the costs, measures have been taken to prevent repetition and further investigation is underway.