Date: 7 months ago   Category: Energy

Gazprom expects the arbitration award on the claim to the Bulgarian Overgas until the end of the year — Rambler News Service


Gazprom expects that the decision of the International arbitration court of the International chamber of commerce on the claim to the Bulgarian Overgas will be made in the IV quarter 2018. It is said in materials of Gazprom. "Hearings took place from March 2 to March 10, 2018. The tribunal informed the parties on need of extra time for preparation of the decision on business. Obtaining the decision is expected in the IV quarter 2018" — reports gas holding. As it was reported earlier, on March 22, 2016 Gazprom export received the notice from the secretariat of the International arbitration court of the International chamber of commerce of initiation of arbitration proceedings by the Overgas company against the company in connection with the termination of deliveries under the contract. Gazprom suspended deliveries to the address Overgas which 50% of stocks belong to Gazprom export, since January 1, 2016 because of debts. After that the scheme of supply of gas changed, additional volumes to Overgas were redirected through Bulgargaz state concern.

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