UPDATE: Gazprom: Stockholm court cancels PGNiG claim on 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

UPDATE: Gazprom: Stockholm court cancels PGNiG claim on gas price

(Rewrites, adds details in headline, paragraphs 1Ц3)

MOSCOW, Jul 2 (PRIME) -- The Stockholm Arbitration Court has agreed with the arguments of Russian gas giant Gazprom and turned down a claim by PolandТs PGNiG for a change of gas prices, Gazprom Export said in a statement on Monday.

УGazprom Export received a preliminary decision by the arbitration tribunal on June 29 concerning a gas supply contract to company PGNiG. The arbitration tribunal agreed with the arguments of Gazprom Export and has fully cancelled PGNiGТs claim to change the price in accordance with the requirement set by this company during the litigation,Ф Gazprom Export said.

The court will make a final decision after consultations with the firms, Gazprom Export said.

Earlier on Monday, the court recognized the right of PGNiG to demand a lower price for gas bought from Gazprom.

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.


02.07.2018 16:07
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.7941 +0.1873 20 jul
USD 62.8666 +0.0380 20 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1350.69 +0.07 18:50 19 jul
micex 2700.57 -0.07 18:50 19 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 216.00 -1.05 18:49 19 jul
lkoh 5200.50 +0.67 18:49 19 jul
rosn 420.45 +0.83 18:47 19 jul
sber 232.85 -0.82 18:48 19 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.6200 +0.1800 14:59 19 jul
USDTD 63.0300 +0.1575 17:44 19 jul