EU Lawmakers Urge Probe of Gazprom’s Role in Gas-Price Jump
- Commission asked to investigate alleged market manipulation
- Record gas prices in Europe could go even higher: Gazprom CEO
Photographer: Oliver Bunic/Bloomberg
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A group of lawmakers across political groups in the European Parliament called on the European Commission to investigate the role of Gazprom PJSC in a spike in natural gas prices, saying they suspect market manipulation.
A supply crunch has sent the cost of energy in Europe to records, squeezing profits for some of the continent’s industrial giants and threatening to derail the region’s economic recovery. Gas prices have more than tripled this year and could keep rising for “weeks to come,” according to the International Energy Agency.