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Tags: gazprom raid in us | antitrust | oil and gas | Europe | Ukraine war | Russia

Gazprom Offices Targeted in EU Antitrust Raids

Alexei Miller
Russian President Vladimir Putin shakes hands with Russian gas giant Gazprom Chief Executive Officer Alexei Miller (right) = during a state awards ceremony at the Kremlin in Moscow. (Getty Images, 2018 file photo)

Wednesday, 30 March 2022 12:39 PM EDT

Russian gas company Gazprom's offices were raided by EU antitrust regulators, a person familiar with the matter said on Wednesday, as the EU watchdog ramped up its investigation into the company's gas supplies to Europe.

EU antitrust chief Margrethe Vestager in January asked gas companies including Gazprom about tight supplies after accusations the Russian giant was withholding extra production that could be released to lower rising prices.

Vestager was likely to intensify information gathering on Gazprom's European businesses, a person familiar with the regulator's thinking told Reuters last month.

The European Commission declined to comment. Gazprom Export said it had no comment.

The person declined to provide details of the EU raids. Bloomberg was the first to report the raids in Gazprom's offices in Germany.

Gazprom and the Kremlin have repeatedly denied withholding gas supplies, saying that all firm and long-term obligations have been met.

Companies found breaching EU antitrust rules face fines up to 10% of their global turnover. Gazprom dodged a fine in 2018 after agreeing to reform its pricing arrangements and pave the way for rivals in eastern Europe following an investigation.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Russian gas company Gazprom's offices were raided by EU antitrust regulators, a person familiar with the matter said on Wednesday, as the EU watchdog ramped up its investigation into the company's gas supplies to Europe.
gazprom raid in us, antitrust, oil and gas, Europe, Ukraine war, Russia
185
2022-39-30
Wednesday, 30 March 2022 12:39 PM
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