- Gazprom (OGZPY) will present draft proposals responding to European competition concerns about its pricing and other practices in coming days, the EU's antitrust chief says after meeting with the company's deputy chairman.
- Russia supplies roughly one-third of the EU's natural gas but supplies a large majority of the gas used in eastern European countries.
- The potential breakthrough comes amid heightened tension between Russia and the EU over ties to the Ukraine; the EU has accused Russia of pressuring Ukraine's government into putting on hold a broad trade accord.
Gazprom to explore settlement on EU competition concerns
Dec 4 2013, 14:34 ET