Gazprom OAO (GAZP.RS) said Tuesday it was surprised by raids carried out by European Union authorities in September, and said that it believes allegations of anticompetitive behavior against the Russian natural gas monopoly will prove unfounded.
Gazprom OAO (GAZP.RS) said Tuesday it was surprised by raids carried out
by European Union authorities in September, and said that it believes
allegations of anticompetitive behavior against the Russian natural gas
monopoly will prove unfounded.
Gazprom's Deputy Chief Executive Alexander Medvedev said that European
antitrust authorities were wrong to assume that Gazprom or any of its
subsidiaries aren't complying with EU competition rules.
Medvedev was speaking on the sidelines of the official opening ceremony of the
Gazprom-led Nord Stream pipeline that connects
Russia
with
western Europe through the
Baltic Sea
and
Germany
.
His comments come after the European Commission raided gas companies in central
and eastern Europe, including subsidiaries of energy giants like E.ON AG
(EOAN.XE) and Gazprom on suspicions that they might have breached EU
competition rules or would have information about such breaches.
People familiar with the matter said at the time that the raids are related to
suspicion of anticompetitive clauses in some of Gazprom's gas supply deals with
European partners.
"I believe that it was a wrong assumption and I'm rather sure with the
results of the investigation it will be crystal clear that there is no basis for
such an act," Medvedev said.
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