OREANDA-NEWS. December 29, 2010. Orenburg Regional Arbitration Court pronounced legitimacy of the determination of the Office of the Federal Antimonopoly Service in the Orenburg region (Orenburg OFAS Russia) on holding “Orenburgregiongaz” Ltd. administratively liable. The Court reduced the fine to 42 million Rubles.

Earlier Orenburg OFAS Russia held “Orenburgregiongaz” Ltd. administratively liable and fined the company around 70 million Rubles for abusing market dominance on the market of gas distribution in the Orenburg region.

In gas supply contracts, “Orenburgregiongaz” Ltd. used coefficients for gas consumption over the contract value that increased the cost of gas. Such actions were in breach of the pricing procedures established by normative legal acts.

The company disagreed with the decision of the antimonopoly body and challenged the determination of Orenburg OFAS Russia by filing a lawsuit.

Orenburg Regional Arbitration Court upheld the decision of the antimonopoly body, although reducing the fine to 42 million Rubles.