Gazprom Offices Targeted in EU Antitrust Raids

By Foo Yun Chee
Wednesday, March 30, 2022
© bennian_1 / Adobe Stock

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

Iberdrola Takes Delivery of All Monopiles for Windanker Offshore Wind Farm

Iberdrola Takes Delivery of All Monopiles for Windanker Offshore Wind Farm

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

ADNOC Puts Oxford Flow’s ‘Emissions Eliminating’ Valve on Oil and Gas Trials

ADNOC Puts Oxford Flow’s ‘Emissions Eliminating’ Valve on Oil and Gas Trials

Current News

Harbour Energy Boosts Production Outlook After Wintershall Deal

SBM Offshore Ups 2025 Revenue Forecast After Strong Half-Year Results

Germany: No Auction Bids Raises Alarm for Future Offshore Wind Tenders

Yinson Production Completes Buy-Out of FPSO Atlanta Project Loan

Subscribe for OE Digital E‑News

Offshore Engineer Magazine