Russia’s state-owned energy giant, Gazprom, said Tuesday that it had filed proposals with the European Commission aimed at resolving charges of antitrust activity.
Gazprom, which supplies a third of the European Union’s gas, has been on the European Commission’s radar since 2012, culminating in charges last year that it had overcharged customers in Eastern and Central Europe and blocked rivals.
Since then, Gazprom has offered concessions aimed at staving off a potential fine of up to 10 percent of its global sales.
A spokeswoman for the European Commission confirmed to The NYT that regulators had received proposed commitments from Gazprom and would assess “if they address, in a forward-looking manner, the commission’s competition concerns in line with EU antitrust rules.”
Gazprom’s deputy chairman, Alexander Medvedev, said in an email that the company was ready to take into account Europe’s criticism “where it is substantiated and possible.” The energy giant added it hoped for a resolution in the near future.
Full Content: New York Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Elon Musk Leads $97.4 Billion Bid to Take Control of OpenAI
Feb 10, 2025 by
CPI
Nigerian Court Confirms Consumer Protection Commission’s Authority Over Telecom Sector
Feb 10, 2025 by
CPI
Microsoft Under French Antitrust Investigation Over Bing Practices
Feb 10, 2025 by
CPI
Hausfeld Grows Antitrust Litigation Team
Feb 10, 2025 by
CPI
Microsoft Seeks to Ease EU Antitrust Concerns With Office Pricing Adjustment
Feb 10, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon