PJSC Gazprom presented the European Commission’s obligation to settle the antitrust case, where he pledged to put into the contract all barriers to the free flow of gas to the markets of Central and Eastern Europe. Also, the Russian company agreed to take active steps to ensure their greater integration.
In particular, Gazprom has pledged to eliminate all direct and indirect contractual restrictions that prevent its clients to resell the gas for the border or make it less economically attractive. In addition, Gazprom agreed to include a number of important changes in the terms of revision of gas prices for five countries: Bulgaria, Poland, Estonia, Latvia and Lithuania. Gazprom has also refused to claim compensation from Bulgaria because of the rupture of the gas pipeline project South stream.
The European Commission within the seven weeks after the publication collects the clients ‘ suggestions concerning the commitments proposed by Gazprom as part of the settlement of the antitrust case, and then take a final decision whether its proposed commitments.
“If there is a positive decision, the EC may establish these commitments legally binding for Gazprom. If the company violates these obligations, the Commission may impose a penalty of up to 10% of the global revenue of the company without having to prove that the company violated antitrust rules,” said the EC.
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The European Commission invites all interested parties to comment on commitments submitted by Gazprom to settle a case brought by the competition authority of the EC in relation to the gas markets of Central and Eastern Europe.
“We believe that the obligation to allow the free flow of gas in Central and Eastern Europe at competitive prices,” said a member of the EC for competition, Margrethe Vestager.
“They take our anti-trust issues and provide a promising solution in accordance with the rules of the European Union. In fact, they help a better integration of gas markets in the region. It affects millions of Europeans who use gas for heating their homes and business support”, – said the member of the EC on competition issues.
The EC initiated an investigation of its potential violations by Gazprom of the Antimonopoly legislation of the European Union in 2012
Read also: Gazprom called the price of gas for the EU
In April 2015, the EC brought official Notice of the claims. The EC identifies three possible anti-competitive practices suspected Russian company: Gazprom may have divided gas markets by hindering the free flow of gas through the territory of the member States may hinder the diversification of gas supplies, and could set unfair prices for its clients, tying gas prices to oil prices.
Gazprom 28 September 2015 sent to the EC a written response to the Notice of claims under antitrust investigation of its activities in the European Union, which pleaded not guilty on any of the items.