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    Financial Times: Gazprom inquiry sheds light on energy inequities

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Summary

Price discrepancies amongst EU member states and Gazprom's practice of tying gas prices to oil prices basis for the EU's move to begin an antitrust investigation into Gazprom.

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Press Notes

Financial Times: Gazprom inquiry sheds light on energy inequities

The EU’s move to open an antitrust investigation into Gazprom, the Russian energy company, was billed in Brussels as a purely legal development.

But in Vilnius, it was celebrated as an unlikely victory for Lithuania in a David-and-Goliath struggle against the Baltic nation’s former Soviet master.

Lithuanians have long complained that state-owned Gazprom has used its clout to make them pay the highest gas prices in Europe as punishment for their determination to shrug off Moscow.  MORE