Posted by on 28 Sep 2011. Filed under Business, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Commission Investigators Raid Gas Utility SPP

Slovakia’s main gas player Slovensky plynarensky priemysel (SPP) had its management offices in Bratislava searched yesterday in price fixing allegations with Russian concern Gazprom.

Daily SME reports today how investigators from the European Commission conducted the raid due to suspicions that Gazprom had pressed its partners into agreements that would push competition out of the market. The information was confirmed by Adrian Schaffranietz from SPP shareholder E.ON.

The allegations include price fixing, Gazprom preventing its European partners from reselling gas, and Gazprom holding back suppliers from developing potentially competitive infrastructure.

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