A Review of the Nigerian Energy Industry

Gazprom ‘submits EC antitrust proposals’

21 September 2015, NewsWires – Gazprom is looking for an out-of-court settlement with European antitrust authorities over charges of abusing its dominant market position in many countries, according to a report.

gazpromThe Russian gas monopoly has sent proposals to the European Commission regarding such a settlement just days before a deadline to respond to charges that followed a two-year investigation, Russia’s Interfax news agency said.

“We sent our proposals about the settlement of the claims, which were formally lodged to Gazprom,” Interfax quoted deputy chief executive Alexander Medvedev as saying.

“In the nearest future, we will discuss it with Mrs Vestager in order to find an out-of-court solution.”

The commission filed formal charges against Gazprom in April, claiming it was hindering competition and charging unfair prices in some central and eastern European countries, which is “in breach of EU antitrust rules”.

The European Commission had originally given Gazprom 12 weeks to reply when it unveiled the charges of abuse of power on 22 April, after more than two years of investigation. In early June it was granted an additional six weeks to respond to the charges as Gazprom said it needed more time to assess the charges.

The Russian gas giant has been charged with abusing its position in Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Slovakia.

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