EU Antitrust Chief Prepares to Move Against Gazprom

European Union authorities will move ahead soon with a long-running antimonopoly case against Russian energy giant Gazprom, European Union competition Commissioner Margrethe Vestager said in an interview for The Wall Street Journal

BRUSSELS—A sculpture of a raised middle finger greets visitors to the elegant offices of Margrethe Vestager, the most powerful woman in Brussels. It is a reminder, from a disgruntled lobby group in her native Denmark, that tough decisions come with the territory.

One hundred days into her new job, Europe’s antitrust chief is preparing a series of politically explosive decisions involving some of the world’s biggest companies, including Google Inc., Apple Inc. and Amazon.com Inc.

Perhaps her most incendiary case is a 2½-year-old probe into Russian energy companyGazprom OAO . In an interview, Ms. Vestager said she will move against the state-owned company shortly despite the Ukraine crisis, opening up the possibility of multibillion-dollar fines.

“I think we can move the case forward in a hopefully relatively short time span,” she said. European Union authorities have been investigating whether Gazprom abuses its market dominance in Eastern Europe to block rivals, but settlement talks have been on ice since violence flared in Ukraine a year ago.

“It’s very important for me to make sure that any company in the European market is being faced with the same set of rules and the same effort of enforcement,” Ms. Vestager said.

The Kremlin, which is already under pressure from falling oil prices and global sanctions, is likely to depict any EU decision to issue formal charges against Gazprom as politically motivated. Ms. Vestager, who was Denmark’s economy minister before moving to Brussels in November, dismisses the political dimension to the case.

“I think if you see it as a political case, then any timing will be bad,” she said. “For me, there’s a case and eventually that may have to stand up in court.”

Large U.S. companies also feature among the prominent dossiers in the commissioner’s in-tray, chief among them Google, which has been under an EU antitrust investigation for five years.

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