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EU: Vestager takes aim at Gazprom

By  |  April 16, 2015

The European Union’s competition chief sent a warning shot to Russian gas giant Gazprom on Thursday when she pledged to act decisively against energy companies that break competition law.

The European Commission has been investigating Gazprom for more than two years for allegedly over-charging customers in eastern Europe, thwarting rival suppliers and blocking the free flow of gas across the region.

Margrethe Vestager, making her first U.S. trip since she took office in November, said in a speech in Washington she would be tough with energy companies that “harm rivals, block energy flows from on EU country to another, or threaten to close the tap.”

Although she did not mention Gazprom by name, her speech comes in the wake of remarks by the bloc’s energy chief that the Commission would present the results of the Gazprom investigation very soon.

 

Full Content: The Washington Post

 

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