facebook
twitter
rss
account
search
search
 

Gazprom: EC probe an economic reaction

Sept. 13, 2012 at 7:51 AM   |   Comments

MOSCOW, Sept. 13 (UPI) -- The move by the European Commission to launch an antitrust probe against Gazprom is a reflection of the weak economy in the eurozone, a Gazprom spokesman said.

The European Commission announced the start of a 15-month investigation into Gazprom's activity in the eurozone. The commission said it was concerned that Gazprom abused its market position in the upstream natural gas sector in Central and Eastern Europe.

Gazprom spokesman Sergei Kupriyanov said the company has tried to reach out to European leaders to address any issues during the course of 2012 but "hasn't been heard."

He suggested the measure may be a reflection of a weak economy in some EU members.

"This is an attempt to meet the economic challenges of the EU, particularly of its new member countries, Eastern Europe, at the expense of Russia," he said.

European consumers get about 20 percent of their natural gas from Russian suppliers.

Gazprom's relationship with Europe stretches back more than 40 years, Kupriyanov said. Since then, there have been no issues that either side couldn't address through negotiations.

The Russian company, in a statement, said it "scrupulously" meets the letter of the law in all countries where it conducts business.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
New F-35 sustainment system undergoing flight testing New F-35 sustainment system undergoing flight testing
2
New Navy sub ready for outfitting, testing New Navy sub ready for outfitting, testing
3
Scrap South Stream, Europe says Scrap South Stream, Europe says
4
Apple to authorities: No iPhone user data, even with a warrant Apple to authorities: No iPhone user data, even with a warrant
5
United Launch Alliance joins Blue Origin in rocket engine development United Launch Alliance joins Blue Origin in rocket engine development
Trending News
Video
x
Feedback