Gazprom Offices Targeted in EU Antitrust Raids

Published

© bennian_1 / Adobe Stock
© 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)

Current News

Turkey Launches Deep Sea Drilling Mission in Somalia

Turkey Launches Deep Sea Drill

OMV Nominates BP Executive Emma Delaney as Next CEO

OMV Nominates BP Executive Emm

Petrobras Buys Back Petronas Stake in Two Brazil Offshore Fields

Petrobras Buys Back Petronas S

OneSubsea to Supply Production Boosting System for Shenandoah Field

OneSubsea to Supply Production

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine