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EU: Gazprom slams gas probe as political ploy

 |  May 30, 2013

Gazprom’s deputy chief executive has slammed the recently-launched investigation by the European Commission into the gas market over allegations of price-fixing. According to Gazprom exec Alexander Medvedev, the probe is all one big political ploy, going so far as to accuse the regulator of possibly looking to manipulate gas prices itself in questioning whether the Commission’s motive is to “depress gas prices by artificial means.” “We have doubts about the motivation” of the investigation, said Medvedev. EU regulators have launched its investigation into BP, Shell, Statoil, ENI and Platts as well as trading houses into allegations of price manipulation.

Full Content: City A.M.

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