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