Date: 11 months ago   Category: Energy

Hearings in the claim of PGNiG to Gazprom in the Stockholm arbitration will continue in September-November — Rambler News Service


Hearings in the claim of the Polish oil and gas company PGNiG to Gazprom about revision of the price of the Russian gas will take place in the Stockholm arbitration in September-November, 2018, it is told in materials of gas holding. "Procedural trial dates are set for September 6, 2018. Carrying out additional hearings is previously appointed to November 6-8, 2018" — Gazprom notes. Earlier, on June 29, 2018 the arbitration has made the intermediate decision on business. The arbitration has agreed with arguments of Gazprom and PGNiG has completely refused the change in price according to the requirement stated during trial. "The tribunal will make the final decision taking into account the conclusions and the principles determined by the intermediate decision and also after additional consultations with the parties" — Gazprom explains. As earlier reported to RNS, in February, 2016 the Polish oil and gas concern PGNiG has submitted a claim to Gazprom and OOO "Gazprom export" to the Stockholm arbitration, challenging the price of the Russian gas. The company notes that a claim is submitted within the arbitration process begun in May, 2015. The claim challenges price conditions of the long-term contract signed in 1996. Gazprom expects the final decision of the Stockholm arbitration on judicial proceedings in the III quarter 2018.

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