//
you're reading...
Uncategorized

Commission opens antitrust proceedings against Gazprom on 4th September

The European Commission has opened formal proceedings to investigate whether Gazprom, the Russian producer and supplier of natural gas, might be hindering competition in Central and Eastern European gas markets, in breach of EU antitrust rules. An opening of proceedings does not prejudge the outcome of the investigation; it only means that the Commission will treat the case as a matter of priority. IP/12/937

The Commission is investigating three suspected anti-competitive practices in Central and Eastern Europe. First, Gazprom may have divided gas markets by hindering the free flow of gas across Member States. Second, Gazprom may have prevented the diversification of supply of gas. Finally, Gazprom may have imposed unfair prices on its customers by linking the price of gas to oil prices.

According to reports in New Europe http://www.neurope.eu/article/eu-gazprom-probe-threatens-ties Putin as well as Gazprom itself have reacted to this.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8708679

The investigation was an attempt in a time of crisis to shift the financial burden of subsidizing the eastern European economies to “somebody else’s shoulders…but I don’t think it is constructive,” he said.

“I sincerely hope that through business-oriented, friendly dialog…between our economic entities, Russian companies, and European Commission, we would be able to find a way out of the situation with no damage done to either side,” Putin said

 

About Androulla Kaminara

SCR member of St.Antony's College, Oxford University, 2013-24 Academic Visitor and 2012-13 EU Fellow Senior Academic Associate- Non-resident of EUCERS, King's College, London University Views are personal.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 1,875 other followers

Androulla Kaminara

Follow me on Twitter

%d bloggers like this: