EU raided Gazprom in Germany: report – POLITICO

European Commission antitrust officials searched Gazprom’s offices in Germany today as part of an ongoing investigation into gas prices, Bloomberg said reported.

According to the report, which could not be independently verified, inspections were carried out at two of Gazprom’s German subsidiaries: Gazprom Germania GmbH and Wingas GmbH.

Brussels began gathering evidence in October to see if Gazprom and other gas suppliers were manipulating the market during the ongoing energy price scare.

Competition Commissioner Margrethe Vestager said in January she was still awaiting information from Gazprom.

“It is indeed thoughtful for a company to limit supply in the face of rising demand,” Vestager told reporters. “It’s pretty rare behavior in the market,” she said called.

A raid could be a sign that Vestager will launch an official investigation into Gazprom.

As of Wednesday afternoon, there were no visible signs of a raid at Gazprom Germania’s offices on Markgrafenstrasse in Berlin, and lobbyists denied such a visit by authorities.

Spokesmen for the European Commission and Gazprom Export declined to comment on inspections.

In 2011 the Berlin office of Gazprom mugged by the EU competition authorities as part of a multi-country operation covering 20 sites in 10 countries.

That investigation led to a 2018 settlement in which Gazprom did not pay a fine but accepted to change its contracting practices in Central and Eastern Europe – an agreement upheld by EU courts last month. EU raided Gazprom in Germany: report – POLITICO

Fry Electronics Team

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