The companies within the Croatian gas sector recorded revenues in the amount of 1.82 billion euros in 2015, while their aggregated net profit amounted to 87.2 million euros. The dominant player in the Croatian gas market is Prvo Plinarstvo Drustvo (PPD), which squeezed the company Prirodni Plin to second place and now controls about the third of the market, while private-owned companies dominate the market in general.
These are the facts presented in a report published by the Institute for Public Finance. The report analyzed the implementation of the EU Directive on the liberalization of gas market in Croatia, major participants on the gas market and the size and structure of gas supply and distribution sector in particular. Since its accession to the EU in 2013, Croatia carries out intensive market liberalization which should be completed in 2017 by abolishing the monopoly in the supply of natural gas. According to Government’s decision, the entry of other participants on the market remained limited, and the monopoly of state-owned HEP in the wholesale market was extended to 31 March 2017. Until 2016, Croatian Energy Regulatory Agency (HERA) issued 100 licenses for carrying out activities in Croatian gas market.
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Tags: Croatia, Crodux, financial, gas, gas market, Gradska Plinara, PPD, Prirodni Plin, retail, wholesale