Agreement between Makpetrol and North Macedonia concerning the gas system operator fully implemented
On 27 August 2021, the Agreement settlement signed between Makpetrol AD Skopje and the Republic of North Macedonia resolving the dispute concerning their respective shares in the gas TSO GA-MA has finally been implemented. The dispute has been blocking the gas sector development in North Macedonia for the past 22 years.
The dispute has been resolved through mediation under the Energy Community Dispute Resolution and Negotiation Centre, where the parties settled for a 50% - 50% shareholding in GA-MA, and the Government agreed to purchase Makpetrol’s share in GA-MA. The wholly state-owned gas TSO will now have to be unbundled and certified in accordance with the Third Energy Package.