EU goes to court against Gazprom

EU goes to court against Gazprom

Brussels: The EU will in a few days take Russian energy giant Gazprom to court, which is accused of anti-competitive activities in the European energy market. The Russian group stands accused of abusing its dominance to block rivals and squeeze out alternative sources of supply. An anonymous source close to the matter close told AFP news agency that the European Commission will announce the indictment on Wednesday.

The European Commission initiated in September 2012 a formal investigation of Gazprom after the Russian energy company was accused of impeding competition in gas markets in Eastern and Central Europe.
The issue has become a running sore in relations between Moscow and Brussels, already  under severe strain over the situation in Ukraine.

Gazprom is the dominant player in these markets.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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