As the European Union moves ahead with an anti-trust case against Gazprom, the Russian firm is pushing back by warning that a unified pricing model will mean higher costs for the continent. The FT reports:
[Gazprom CEO Alexei Miller] defended the company’s pricing model and explained that prices differed because Europe was a “fragmented market” where the energy mix varied sharply by country.
“We do not understand why we are blamed for setting different prices,” he said. “If the European Commission will insist on equal prices, the common price is not the lowest price, it will most obviously be the highest price.”
This …read more
Source: The American Interest
