Gazprom Offices Targeted in EU Antitrust Raids

By Foo Yun Chee
Wednesday, March 30, 2022

Russian gas company Gazprom's GAZP.MM offices were raided by EU antitrust regulators, a person familiar with the matter said on Wednesday, as the EU watchdog ramped up its investigation into the company's gas supplies to Europe.

EU antitrust chief Margrethe Vestager in January asked gas companies including Gazprom about tight supplies after accusations the Russian giant was withholding extra production that could be released to lower rising prices.

Vestager was likely to intensify information gathering on Gazprom's European businesses, a person familiar with the regulator's thinking told Reuters last month.

The European Commission declined to comment. Gazprom Export said it had no comment.

The person declined to provide details of the EU raids. Bloomberg was the first to report the raids in Gazprom's offices in Germany.

Gazprom and the Kremlin have repeatedly denied withholding gas supplies, saying that all firm and long-term obligations have been met.

Companies found breaching EU antitrust rules face fines up to 10% of their global turnover. Gazprom dodged a fine in 2018 after agreeing to reform its pricing arrangements and pave the way for rivals in eastern Europe following an investigation.


(Reuters - Reporting by Foo Yun Chee; Editing by Elaine Hardcastle)

Categories: LNG Russia Europe Natural Gas

Related Stories

Red7Marine Assists N-Sea with OW Export Cable Repair in Irish sea

DeepOcean Lands Its Largest IMR Contract to Date for Equinor’s Norwegian Assets

Netherlands to Enlist Private Firms to Protect North Sea Assets from Russian Sabotage

Current News

Senesco’s Sixth CTV Set for Offshore Wind Service (Photos)

Edda Wind’s Newbuild CSOV Hits Water in Vietnam

ABL Wraps Up Work for FSRU Toscana Project in Italy

CorPower Teams Up with SwitchH2 for Wave Powered Green Ammonia Project

Subscribe for OE Digital E‑News