EU Energy Policy

Gazprom antitrust probe drawing to a close

Energy relations between the EU and Russia may thaw in the near future as the end of a five-year investigation into Gazprom is in sight Energy relations between the EU and Russia may thaw in the near future as the end of a five-year investigation into Gazprom is in sight.
By Andreas Walstad 14 March 2017 0 25029
European Commissioner for Competition Margrethe Vestager has said she is happy with Gazprom’s pledges. (EC)

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...