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Matthew Bryza: Europe Takes on Gazprom, Now Must Hang Tough (Bloomberg)

September 18, 2012
Gazprom

On September 18, Matthew Bryza, senior fellow with the Council's Patriciu Eurasia Center, former US ambassador to Azerbaijan, and current director of the International Centre for Defense Studies in Tallinn, Estonia, wrote an op-ed in Bloomberg on "Europe Takes On Gazprom at Last, Now Must Hang Tough."

Excerpt below. Read the rest of the article on Bloomberg:

The European Union’s antitrust investigation of OAO Gazprom (OGZD), announced this month, is a landmark case. It shows a new EU resolve to crack down on rent- seeking by Russia’s natural-gas behemoth and, at long last, to heed the complaints of the bloc’s smaller ex-Soviet members.

The European Commission accuses Gazprom of stifling competition in European markets by restricting the interstate trading of natural gas, limiting the diversification of gas supplies by blocking rival gas-pipeline projects, and pegging the price of natural gas to oil prices in long-term contracts.

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