21-04-15

EU Commission to set out antitrust charges against Russia's Gazprom

cep energy expert Goetz Reichert: Given the high dependency of many EU states on Russian gas deliveries, it is especially important that Gazprom adheres to EU competition rules

EU Competition Commissioner Vestager is taking action

EU Competition Commissioner Margrethe Vestager will set out antitrust charges against Russia's state-controlled energy giant Gazprom on Wednesday, news agency Reuters reported citing EU sources. The EU will officially complain that Gazprom is hindering competition in the central and eastern European gas markets, where the company benefits from a dominant position, the Financial Times reported. Countries named in the EU's formal statement of objections are expected to include Poland, Czech Republic, Hungary, and Bulgaria. Brussels has been investigating Gazprom since 2012. “Competition between energy suppliers in the EU internal market ought to protect consumers against overpricing,” explains cep energy expert Goetz Reichert. “Given the high dependency of many EU states on Russian gas deliveries, it is especially important that Gazprom adheres to the EU competition rules.”