Gasunie books large loss

State-owned gas firm Gasunie announced on Thursday that it booked a €600m loss in 2011 following a €1.3bn write-off.

The company says most of the write-off, €900m, was due to new rules from the competition authority NMa. The rules meant Gasunie had to charge less money for the use of its pipe network. It had hoped to make a lot of money delivering gas from other countries.
The other €400m write-off was on its German activities in anticipation of the introduction of similar rules there.

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