Gazprom’s deputy chief executive is expected to meet EU antitrust chief Margrethe Vestager next month in a meeting that could determine the outcome of the EU’s case against the Russian gas giant, a person familiar with the matter said on Friday.
The Russian state-controlled company is fighting accusations of over-charging customers and blocking rivals in eastern Europe, a case which could end in a hefty fine and changes to its business model.
At the same time, Gazprom has sought to appease the European Commission by offering concessions to try to avert a penalty and a finding of wrongdoing. But sources said the two sides are far apart on the issue of pricing.
The talks would be Alexander Medvedev’s second meeting with Vestager and they would take place against a backdrop of high tension between Russia and the West over Syria and the country’s much-criticized plan to bypass Ukraine and extend its Nord Stream gas link to Germany.
The company, which supplies around a third of the 28-country bloc’s gas, will defend its case at a closed-door hearing on Dec. 15, Bloomberg reported.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google Wins Appeal Against EU’s €1.5 Billion Fine for Ad Monopoly Practices
Sep 18, 2024 by
CPI
Meta Introduces Teen Accounts to Address Growing Data Regulation Demands
Sep 17, 2024 by
CPI
FTC Lawyers Wrap Up Arguments to Block Kroger-Albertsons Merger
Sep 17, 2024 by
CPI
Financial Regulator to Monitor CNMC’s Ruling on BBVA-Sabadell Acquisition
Sep 17, 2024 by
CPI
Green Day Ticket Prices Spark Controversy Amid Dynamic Pricing Concerns
Sep 17, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández