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Gazprom’s deputy CEO to meet EU Competition Commissioner after May 10

April 26, 2016, 17:33 UTC+3

The previous meeting between Alexander Medvedev and Margrethe Vestager on the antimonopoly probe against Gazprom took place in March

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© AP Photo/Kai-Uwe Knoth

MOSCOW, April 26. /TASS/. The meeting with EU Competition Commissioner Margrethe Vestager will take place after May 10, Deputy Chief Executive of the Russian gas holding Alexander Medvedev said on Tuesday.

"It will certainly take place, after our Easter and the Victory Day, in May," Medvedev told journalists.

The previous meeting between Medvedev and Vestager on the antimonopoly probe against Gazprom took place in March. Participants did not comment results of the meeting.

On 22 April 2015, the European Commission said it sent an official "statement of objections" within the European antitrust investigation started in 2012 to Gazprom. The EC suspects Gazprom of abusing its leading position on the European gas market, and also has questions to its system of long-term contracts and pricing system.

The penalty for the case can be up to 10% of Gazprom’s proceeds, i.e. 7-8 bln euro, but the European Commission and Gazprom are considering the possibility of settling the dispute amicably.

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