Stockholm court recognizes PGNiGТs right to demand lower gas price - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Stockholm court recognizes PGNiGТs right to demand lower gas price

WARSAW, Jul 2 (PRIME) -- The Stockholm arbitration court has recognized the right of Polish hydrocarbon company PGNiG to demand a lower price for gas bought from Russian gas giant Gazprom, the company said in a statement on June 30.

УThe Tribunal granted PGNiGТs key arguments indicating the need of reduction of the contract price and rejected GazpromТs arguments in support of maintaining the current, non-market pricing terms under the Yamal Contract,Ф the statement quoted President of the Management Board Piotr Wozniak.

The Yamal Contract, valid until 2022, provides for the supply of approximately 10 billion cubic meters of gas annually. According to the take-or-pay commitment imposed by Gazprom, PGNiG has to collect at least 8.7 billion cubic meters of the contracted fuel per year.

End

02.07.2018 11:16
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 72.2464 -0.1187 18 may
USD 64.6327 +0.0729 18 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1254.68 -0.53 18:50 17 may
micex 2577.48 -0.14 18:50 17 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 198.89 -1.88 18:49 17 may
lkoh 5260.00 +1.15 18:49 17 may
rosn 413.00 +0.24 18:48 17 may
sber 226.94 -0.55 18:49 17 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 72.2100 -0.2825 14:59 17 may
USDTD 64.4100 -0.1500 17:44 17 may