EnergyWatch

Gazprom hopes to appease Commissioner with settlement proposal

In efforts to reach agreement with the EU Commission headed by Commissioner Margrethe Vestager, Russia's Gazprom has now submitted a proposal for a settlement.

Several years of conflict between Russian gas giant Gazprom and the EU Commission could be close to a resolution. The case, which has been underway for about five years, but was officially initiated by the Commission in April 2015, concerns the EU Commission's belief that Gazprom has abused its dominant position in eight central and Eastern European countries, in order to demand too high gas prices and place restrictions on further sales of the gas.

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