With Russia supplying 40% of the natural gas consumed in the EU last year, the antitrust settlement has been largely welcomed in the business press.

With Russia supplying 40% of the natural gas consumed in the EU last year, the antitrust settlement has been largely welcomed in the business press. Bloomberg columnist Leonid Bershidsky writes from Berlin: “The settlement announced Thursday shows that the company [Gazprom] has been defanged and is no longer a threat to Europe’s energy security… Gazprom has abandoned its attempts to ban customers from reselling its gas across borders, a practice many viewed as strong-arm coercion… Gazprom customers with long-term contracts now have the right to demand lower prices if they’re paying more than West European customers with competitive markets.”