EU, Gazprom Move Closer To Resolving Gas Sales Dispute

By Tsvetana Paraskova Signaling a thaw in relations, the European Commission (EC) said on Monday that Gazprom had offered commitments to address the EU’s competition concerns regarding the Russian gas giant’s dominating gas markets in Central and Eastern Europe, and potentially abusing its dominant position in pricing. Last October, Gazprom said it was about to offer concessions to the EU in order to avoid what was suspected might be billions of dollars in fines over the five-year-old gas pricing dispute. The conflict began back in 2011 when EU antitrust…

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