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EU: Gazprom says EU looking into gas supply abuse in Bulgaria

By  |  March 15, 2016

The European Commission has requested Gazprom to provide information related to allegations of abuse of the Russian company’s dominant position in the Bulgarian wholesale gas market, Reuters reported on Tuesday.

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    The information sought by the EU executive body is connected to “an alleged violation of EU antitrust legislation related to natural gas supplies to Bulgaria,” Gazprom said in a prospectus for a eurobond last week, according to Reuters.

    The Commission was looking separately into the alleged interruption of gas deliveries from Gazprom to Bulgaria’s Overgas, a gas distribution company 50% owned by Gazprom’s export arm, the newswire added, citing an EU source.

    “The European Commission is closely following the competitive conditions as regards the Bulgarian gas market,” the Commission spokesman, Ricardo Cardoso has told Reuters.

    Bulgaria, which relies almost entirely on Russian gas to meet its needs, imports about three billion cubic meters of gas a year from Gazprom via a pipeline transiting Ukraine.

    Full content: Reuters

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