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Russia: Gazprom plans reform of assets to avoid EU probe?

 |  September 24, 2012

Russian gas monopoly Gazprom, will reportedly reform its European assets to meet the requirements of EU’s “third energy package” and avoid anti-trust claims by the European Commission. The planned change implies the creation of two subsidiaries of Gazprom to sell gas to European customers instead of the existing single entity. The EU hoped that the adoption of amendments to the legislation will enable the region to reduce its dependence on Russian gas supplies and to increase competition in the energy market. Gazprom was against the adoption of the package.

Full Content: RT News

Related Content: Russia: Putin blasts EU’s “unconstructive” Gazprom probe

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