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. Last Updated: 07/27/2016

Gazprom Explains Decree

The European Commission must negotiate directly with the Russian government to resolve a dispute on Gazprom's European pricing after a Kremlin decree increasing state control over the gas export monopoly, its export chief said in an interview.

"The presidential order just puts this situation in an equal weight class," the head of Gazprom Export, Alexander Medvedev, said in an interview in the Black Sea resort of Sochi over the weekend.

"The order does not refer to standard price revisions, but to situations where the pricing system itself is in question," Medvedev said.

The European Commission announced the formal launch of an anti-trust investigation against Gazprom in early September.

(Reuters)

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