• Natural Gas News

    EU Expects to Finish Gazprom Anti-Trust Probe By Early 2014

    old

Summary

The European Commission expects to investigate the alleged anti-competitive market practices by Russia’s Gazprom during the winter. The investigation should be concluded by spring 2014.

by: Sergio

Posted in:

Natural Gas & LNG News, News By Country, Russia

EU Expects to Finish Gazprom Anti-Trust Probe By Early 2014

The European Commission expects to investigate Gazprom's alleged anti-competitive market practices this winter. The investigation should be concluded by spring 2014.

“I would say spring next year. We need some more months for investigation on an expert level,” European Energy Commissioner Guenther Oettinger said on Monday. 

Last month, EU regulators said they were preparing to initiate formal legal proceedings against Gazprom, over allegations that the company abused its dominant position in the gas market. 

"It's an investigation by our experts and it's an objective investigation and not a political investigation," Oettinger said.

The EU started the probe last August, investigating the pricing methods and the limitations to trade allegedly imposed by the Russian company.