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Russia: Gazprom planning settlement offer to end EU probe

By  |  December 4, 2013

State-owned gas monopoly Gazprom is reportedly planning to offer a settlement to the European Commission in efforts to quell competition concerns that the Russian firm is abusing its market dominance by imposing unfair prices in central and eastern Europe.

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    The Commission first began its probe in 2012 over the prices, suspecting the natural gas firm of pricing long-term natural gas prices to oil prices and of blocking gas trades between nations.

    After more than a year, reports say Gazprom will now present an offer to the Commission to end the probe, though reports did not say what that offer could entail.

    Full Content: Bloomberg

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