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Gazprom, EU energy chief agree to continue dialogue in antitrust probe

Gazprom, EU energy chief agree to continue dialogue in antitrust probe

OSLO: The European Commission suspects Gazprom of abusing its dominant position in several Central and Eastern European gas markets. The European Union’s executive body has been in talks with the Russian company over its alleged monopolistic practices since the inquiry was launched in August 2012.

“We exchanged opinions on the anti-monopoly investigation and outlooks for our gas deliveries to Europe. We established contacts with Mr. Canete and his team and agreed to exchange information,” Gazprom Deputy Chairman Alexander Medvedev told reporters after his meeting with Canete in Brussels.

A worker of Russian gas and oil giant Gazprom works on February 18, 2015 in Novoprtovskoye oil and gas condensates oilfield at Cape Kamenny in the Gulf of Ob shore line in the south-east of a peninsular in the Yamalo-Nenets Autonomous District, 250 km north of the town of Nadym, northern Russia

On Wednesday, Medvedev met with EU Competition Commissioner Margrethe Vestager. European Commission’s spokesman Ricardo Cardoso described their talks as open and constructive. They are expected to continue negotiations after the Easter Holiday in early April.

Last April, the European Union filed charges against Gazprom, accusing it of hindering competition and unfair pricing in Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Slovakia. The company faces a fine of $7.6 billion.