The European Commission is working "in two directions" on an anti-monopoly investigation of Russia's gas company Gazprom, EU competition commissioner Margrethe Vestager said.
Gazprom
© RIA/Scanpix

"We are discussing commitments (of Gazprom for settlement of claims made by the EC) both at the technical level, but also at my level. It is not all there yet, but it (the case) is moving forward, as well as the formal procedure," the commissioner said in an interview with EurActiv.

Some Central and Eastern European countries have possibly suffered as a result of Gazprom possibly abusing its monopoly power, she said at a press event in Brussels on Monday.

Vestager said she could not predict what the outcome of the probe might be. The EC suspects Gazprom of abusing its leading position in the European gas market, and also has questions on its system of long-term contracts and pricing.

The official antimonopoly probe was initiated on the basis of complaints from Lithuanian authorities to the European Commission on September 4, 2012.

The investigation is being carried out in the Baltic States, Poland, Czech Republic, Slovakia, Hungary and Bulgaria. Under the European law, the penalty for violation of anti-monopoly regulations can reach 10% of the annual turnover of a company on the market.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Chances for Lithuania to get more funding for N-plant closure increasing – expert

A proposal for the European Parliament to approve the allocation of 780 million euros for the...

European Parliament's rapporteur proposes EUR 780 mln for Lithuanian N-plant closure

The European Parliament is recommended to approve 780 million euros in funding for the Ignalina...

Energmin calls deal on synchronization scenario 'decision of the decade'

Lithuania, Latvia and Estonia have reached a long sought-after agreement that opens the way for the...

Technical scenario for Baltic grid synchronization approved in Brussels (Updated)

The project for the synchronization of the Baltic power grids with the Continental European system...

Danpower agrees to put off amicable deal's implementation

German energy company Danpower has agreed to postpone the implementation of the State of Lithuania's...