EU preparing for anti-trust battle with Gazprom

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EU preparing for anti-trust battle with Gazprom

The EU appears to be only weeks from starting one of the bloc\'s biggest anti-trust battles by proceeding with its long delayed case against Gazprom, the Russian gas export monopoly that supplies about 30 per cent of Europe\'s gas. The case has long been expected and many analysts are expecting it to be an epic showdown for the EU\'s technocrats, becoming an even bigger struggle than the probes into Microsoft and Google, writes Christian Oliver. Maros Sefcovic, the commission vice-president in charge of energy affairs, said that the exact date for announcing the next step lay in the hands of Margrethe Vestager, the competition commissioner: It is her decision when she will present the results of the investigation; I understand it is a matter of weeks. EU officials said that charges had been prepared against Gazprom, but they had held back because of the crisis in Ukraine. Ricardo Cardoso, a competition spokesman for the commission, said Brussels now believed that it could \"move the case forward in a hopefully relatively short time-span\". Eastern European nations accuse Gazprom of abusing its status to charge them widely divergent gas prices for political reasons. Gazprom denies any market abuses. Financial Times

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