Commission presses on with Gazprom investigation despite refund

The European Commission will continue with their investigation into Gazprom despite the company refunding gas customers on the continent.

The Russian state-owned gas company is to refund 78bn roubles ($2.39bn) to gas customers on the continent, it has announced just days after the European commission started an investigation into its sales practices.

  Gazprom supplies more than a quarter of Europe's gas consumption, and several EU states rely on the company for most of their needs, being locked into long-term contracts, in some cases of periods up to 30 years.

  The refunds to eastern and central European buyers have not stopped the investigation by Brussels, which said it was concerned that the natural gas producer was abusing its dominant position.

  For more power business news




Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...