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Russia: Gazprom, EU to try resolution talks again

By  |  January 22, 2014

After earlier talks between Russian gas giant Gazprom and EU regulators ended without progress, reports say the two groups are set to meet again in efforts to resolve an antitrust investigation into the company.

The European Commission launched a probe into the company regarding Gazprom’s pricing practices and allegations it blocked oil supplies in various EU locations.

EU Commissioner Joaquin Almunia has been publicly pessimistic regarding a possible settlement; should an agreement not be made, Gazprom could be fined u p to $14.3 billion.

But a Gazprom official, Russia’s Deputy Energy Minister and EU antitrust officials are set to meet again to discuss Gazprom’s previous settlement offer, which is so far insufficient for the Commission to end its investigation.

Full Content: MSN

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