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EU energy chief hopes for smooth solution to Gazprom spat

Mon, 09/17/2012 - 4:24am
Reuters

NICOSIA (Reuters) - The European Commission is holding intensive talks with Russia and expects to reach a compromise on a legal dispute between the bloc and its biggest gas provider, while avoiding disruption to energy supplies, the bloc's energy commissioner said on Monday.

The Commission is investigating suspected anti-competitive practices by Russia's Gazprom, which has said it will fight the case but not cut supplies in retaliation.

EU Energy Commissioner Guenther Oettinger said there was no supply risk. "We don't see any direct risk for our security of our supply, either for oil, coal or gas. We assume all sides will respect contractual commitments," he told reporters.

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