Burst valves

The Economist publishes an analysis of the European Commission’s antitrust investigation into Gazprom. It will be hard for Gazprom to defend single-country deals against the rules of the EU’s common market. Long-term contracts and linkages to the oil price are not inherently unreasonable as some customers might prefer them. But the commission will want to make sure that they have a real choice.

Friday, September 14, 2012