EU: Gazprom to be investigated for possible anti-competitive practices

EU: Gazprom to be investigated for possible anti-competitive practices

The European Commission (EC) has said it will investigate Russian energy giant Gazprom for possible anti-competitive practices in central and eastern European gas markets.

The commission said it was concerned Gazprom "may be abusing its dominant market position".

It will look at whether the firm restricts the free flow of gas across member states, prevents diversification of supply, and prices gas unfairly.

Gazprom said: "Let them investigate."

The commission said that, if established, Gazprom's practices "may constitute a restriction of competition and lead to higher prices and deterioration in security of supply.

"Ultimately, such behaviour would harm EU consumers."

The probe follows inspections by the commission of gas companies in many EU countries in September 2011.

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