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Regulator finds Gazprom OAO guilty of abusing position in LDP market-Interfax

Wednesday, 11 Dec 2013 06:31am EST 

Gazprom OAO:A Russian Federal Anti-monopoly Service (FAS) commission has found a group of entities consisting of Gazprom OAO, LLC Gazprom Komplektatsia and LLC Gazprom Tsentrremont guilty of abusing its commanding position in the large-diameter pipe market (LDP)-Interfax.However FAS has closed the case in view of the fact that the group of companies volunteered to rectify the violations.The commission found that the group's actions could have restricted competition in this market in the period 2008-2011.Gazprom is Russia's biggest LDP consumer with over 50 pct of the market, the FAS said. 

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