In ENGLISH | РУС/УКР
Sign in | Register
Mobile version | Subscription | RSS Archive
KyivPost

Gazprom shares down as EU opens antitrust probe

Print version
Sept. 5, 2012, 3:54 p.m. | Russia and former Soviet Union — by Associated Press

People walk outside the headquarters of Russia's gas giant Gazprom in Moscow on June 29, 2012, before the world biggest gas company's annual meeting.
© AFP

SEE ALSO

MOSCOW — Shares in Russian gas giant Gazprom are down 1.5 percent, the biggest drop in five weeks, on news it is the subject of an EU antitrust investigation.

The European Commission is investigating whether Gazprom blocked fair competition in the gas markets of Central and Eastern Europe.

The Commission said Tuesday it "has concerns that Gazprom may be abusing its dominant market position in upstream gas supply markets." The European Commission's investigations can take months to complete.

Gazprom says in a statement on Wednesday that it hasn't been officially notified of the probe yet. It says it hopes the investigation will respect its "rights and legitimate interests proceeding from EU laws as well as international legislation."

READ MORE IN SECTION
The Kyiv Post is hosting comments to foster lively debate. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. If you think that a posted comment violates these standards, please flag it and alert us. We will take steps to block violators.
Byron Hill Sept. 5, 2012, 5:44 p.m.    

"For whom the bell tolls?" Putin

{# <-- parent id goes here
Advertising link

KyivPost

© 1995–2012 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.