Gazprom Being Probed in Lithuania, Competition Body Says

Probe regards Gazprom (OGZD) actions that may have violated condition in 2004 permit to buy 34% of Lietuvos Dujos utility that co. not hinder work of other gas suppliers, Lithuanian Competition Council says on website. * Council says previously unreported Gazprom investigation began on July 30, 2012, extended on Sept. 24, 2013 * Extension means probe conclusions are due within 3 months unless extended again, according to council website * Council says decree of March 18, 2004 allowed Gazprom to acquire 34% stake of utility and its joint management control with Ruhrgas, EON, Lithuania’s State Property Fund * Lithuanian govt currently negotiating with Gazprom regarding natural gas supply terms; link to story NSN MTL0VO6TTDSX <GO>

To contact the reporter on this story: Bryan Bradley in Vilnius at bbradley13@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.