LT: Lithuania cheers ECs probe into Gazprom.

By bne IntelliNews September 6, 2012
ECs probe into Gazproms operations in Europe is an important decision that can significantly improve gas market situation in Europe, PM Andrius Kubilius believes. He added that the change in Gazproms behaviour would first be seen in the Baltics and then in the whole of CEE and EU. To remind, Lithuania already submitted complaints to EC on breach of competition legislation in January 2011. This week European Commission announced starting an investigation of Russias natural gas giants Gazprom operations in Europe. The investigation will focus on possible market segmentation by hindering gas supplies flow to EU states, hindering diversification of gas supplies, and biased pricing by tying prices of gas to oil prices. EC notes that the investigation is the continuation of last years raid in the offices of 10 European subsidiaries and partner companies of Russian natural gas giant Gazrpom, including German E.On, RWE and Gazprom Germania, Austrian OMV, Lithuania Lietuvos Dujos and Czech Vemex. Commissioners then were on to facts of breach of anti-monopoly regulations during the supplies of the natural gas, notably setting exclusive rights for certain companies and limiting the access of competing suppliers to the pipeline infrastructure, as well as setting artificially high prices

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