Support The Moscow Times!

Gazprom Sees Hidden Agenda in Commission's Inquiry

Gazprom deputy CEO Alexander Medvedev said Tuesday that Russia would protect its interests in Europe.

Gazprom thinks the European Commission's complaints against the company could be connected with its desire to receive discounts for gas, but the state monopoly is prepared to protect its interests, deputy CEO Alexander Medvedev said Tuesday at the Sakhalin Oil & Gas 2012 conference.

"So far, we are seeing attacks on the oil-coupling mechanism in long-term contracts used by Gazprom and other suppliers, Statoil and Sonatrach," Medvedev said, Interfax reported. "Grounds are arising to suspect that the European Union's authorities, aided by games behind the scenes, are trying to force discounts for themselves. If Brussels wants to regulate gas prices administratively, it ought to say so openly and explain at the same time how this complies with its calls to observe free-market principles."

"We're getting the impression that the European Commission is trying to make the European Union the least attractive for investment in natural gas trading, which is prompting us to look more actively for new markets," he said.

Russia will protect its own interests in Europe, Medvedev said.

"Of course we've always worked according to the rules established by the laws of the countries, but we are full of resolve to protect our interests." he said. "We're hoping the European Commission will work on the basis of facts and understanding of the reality of the gas market."

The commission said at the beginning of September that it was launching an antitrust probe against Gazprom. It said that the company may have divided gas markets by hindering the free flow of gas across member states, that it may have prevented the diversification of supply of gas and that it may have imposed unfair prices on its customers by linking the price of gas to oil prices.

Turkey will begin talks with Russia in the new year on transferring a further 4 billion cubic meters of gas contracts to the private sector after the initial transfer of 6 bcm of gas imports, Turkey's energy minister said Tuesday, Reuters reported.

Energy Minister Taner Yildiz's comments came after the head of the EPDK energy watchdog said Turkey aimed to award licenses to four companies to begin gas imports in October through the Western Line, which stretches from Russia to Bulgaria.

Related articles:

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more