The European Commission’s antitrust investigation into Gazprom’s alleged market abuse seems to be drawing to a conclusion, a development that could yield lower gas prices for importers in Eastern Europe.
Gazprom and the commission are soon expected to reach a settlement in the longstanding antitrust dispute, which was launched almost five years ago. Margrethe Vestager, the commissioner for competition, said on Monday that she was happy with pledges by the Russian monopoly to change its business practices in Central and Eastern Europe. One of the key proposals made by Gazprom is greater flexibility in long-term contracts with the opportunity to renegotiate a move towards hub pricing.
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.Sign in
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up