Advertisement

Gazprom on defensive after EU raids

MOSCOW, Sept. 29 (UPI) -- Gazprom is, and has always been, a supporter of open and competitive natural gas markets, the company said after its European affiliates were raided.

Inspections were ordered by the European Commission to look into alleged antitrust issues by Gazprom and its affiliates in the region. Gazprom, in a statement, stressed the investigations don't necessarily imply violations of the law.

Advertisement

"Gazprom, being a pioneer in the liberalization of the European markets, has always been and remains a supporter of competition in the gas market," the company said. "Gazprom has always taken with care compliance with all international laws and regulations in countries where the Gazprom group operates."

European authorities say they are concerned that Gazprom's grip on the region's market is undermining energy security. Consumers in the European Union get about 25 percent of their gas from Russia.

"Within the limits of legal requirements Gazprom will provide all possible support in conducting the inspections," the Russian company noted.

Several Russian energy companies have faced repeated antitrust issues in the domestic market.

Latest Headlines