Brussels advances new claims against Gazprom

The European Commission has accused Gazprom of taking advantage of its dominant position in the markets of Central and Eastern Europe and violating the anti-monopoly laws, according to European Commissioner for Competition Margrethe Vestager. She mentioned Estonia, Hungary, Bulgaria, the Czech Republic, Latvia, Lithuania, Poland and Slovakia as countries that had suffered from Gazprom. The Russian company, according to the European Commission, has tied gas prices to oil prices and demanded that five of the countries pay an excessive price, often above the average by 40%. Gazprom put pressure on EU countries using the gas infrastructure in Poland (Yamal-Europe Pipeline) and Bulgaria (South Stream). Gazprom was given 12 weeks to respond.

Vyacheslav Kulagin, the director of the Center for Studies of World Energy Markets of the RAS Institute of Energy Studies, said in an interview with Vestnik Kavkaza that there had been no charges or threats of fines. The Russian company is only an object of investigations. The expert noted that about three-quarters of such cases in Europe ended in a compromise. Kulagin believes that Gazprom may even the prices by cancelling discounts offered to some countries, for example, as compensation for transit.

Fyodor Lukyanov, the editor-in-chief of the Russia in Global Affairs Journal, noted that the political background of the claims was hard to deny. He speculates that the European Commission may indeed be considering the problem according to regulatory documents, but, in reality, the political background is about the diversification program and reduction of dependence on Russia as an energy supplier. The analyst warned that the claims could not be ignored, fines would be imposed regardless, due to the effective bureaucratic and administrative mechanism of the EU.

The European Commission has accused Gazprom of taking advantage of its dominating position on markets of Central and Eastern Europe and violation of the anti-monopoly laws, according to European Commissioner for Competition Margrethe Vestager. She mentioned Estonia, Hungary, Bulgaria, Czech Republic, Latvia, Lithuania, Poland and Slovakia ass the countries that had suffered from Gazprom. The Russian company, according to the European Commission, tied gas prices to oil prices and demanded that five of the countries pay an excessive price, often above the average by 40%. Gazprom put pressure on EU countries using the gas infrastructure in Poland (Yamal-Europe Pipeline) and Bulgaria (South Stream). Gazprom was given 12 weeks to respond.Vyacheslav Kulagin, the director of the Center for Studies of World Energy Markets, RAS Institute of Energy Studies, said in an interview with Vestnik Kavkaza that there had been no charges or threats of fines. The Russian company is only an object of investigations. The expert noted that about three fourths of such cases in Europe ended with a compromise. Kulagin believes that Gazprom may even the prices by cancelling discounts offered to some countries, for example, as a compensation for transit.Fyodor Lukyanov, the editor-in-chief of the Russia in Global Affairs Journal, noted that the political background of the claims was hard to deny. He speculates that the European Commission may indeed be considering the problem according to regulatory documents, but in reality, the political background is about the diversification program and reduction of dependence on Russia as an energy supplier. The analyst warned that the claims could not be ignored, fines would be imposed regardless due to the effective bureaucratic and administrative mechanism of the

1970 views


More Russian news

Russia - UK: big game is on

Russia - UK: big game is on

Видео

Both see themselves as Autonomous centers of power, gravitating to different geopolitical projects

 Turkey returns to Russian gas

Turkey returns to Russian gas

Turkey continues to increase the volume of Russian gas purchases. The trend, which has been observed since the last autumn, continues to gain momentum. According to the latest data, in January-February 2017, Turkey increased Russian's gas …

The last Hero…

The last Hero…

Oleg Babak was shot in the back in the town of Yukhary-Dzhibikli

Iran, Russia call for continuation of fight against terrorism

Iran, Russia call for continuation of fight against terrorism

Yesterday President Vladmir Putin met President of Iran Hassan Rouhani in Moscow

Gazprom CEO about work on Turkish Stream gas pipeline project

Gazprom CEO about work on Turkish Stream gas pipeline project

Gazprom has set up a branch of South Stream Transport B.V. in Istanbul to coordinate work on the Turkish Stream gas pipeline project in Turkey. Thus, all conditions have been created to start laying the marine part of the gas pipeline, Gazprom …

Matvienko: Russia-US relations at very low level

Matvienko: Russia-US relations at very low level

Relations between Russia and the United States are at a very low level, but Russia still hopes for a mutually respectful dialogue on bilateral and international issues, the Russian upper house speaker Valentina Matvienko said, …

Russia#039s Black Sea fleet holding missile-firing drills in Crimea

Russia's Black Sea fleet holding missile-firing drills in Crimea

The warships of the Russian Black Sea Fleet are carrying out missile-firing drills in Crimea, Russia's Black Sea Fleet spokesman Vyacheslav Trukhachyov said. "In accordance with the combat training plan, …

 Russia and Turkey to discuss grain supplies

Russia and Turkey to discuss grain supplies

Russian and Turkish economy ministries will hold consultations on Russian grain supplies to Turkey soon, the Russian Deputy Economic Development Minister Alexei Gruzdev said on the sidelines of an Arctic forum. …

Russian Armed Forces to increase manpower to 1.9 mln personnel

Russian Armed Forces to increase manpower to 1.9 mln personnel

The Russian Armed Forces have been ordered by the country's President Vladimir Putin to expand its manpower to nearly two million by midyear, over a million of them service members, a decree published on the government online …

Lomonosov Moscow State University hosts international conference #039Centennial of Russian Revolution of 1917#039

Lomonosov Moscow State University hosts international conference 'Centennial of Russian Revolution of 1917'

Lomonosov Moscow State University is holding the first day of the international scientific conference titled 'The Centennial of the Russian Revolution of 1917'. The conference will continue until 31 March.the Department of History of …

more Russian news