Polish Oil and Gas Company Files Lawsuit against Gazprom

Polish oil and gas company, PGNiG, has filed a lawsuit in the Court of Arbitration in Stockholm against Gazprom, according to a statement on Monday, February 1st. In May of 2015, PGNiG notified the Russian company of the pending arbitration.

The subject of the lawsuit is the revision of pricing conditions for a long-term contract signed in 1996 for the purchase of natural gas. The company notes that because of the "confidential nature of the arbitration" it cannot provide details of the proceedings or their actions. However, PGNiG did not exclude the possibility of bilateral "business" negotiations to reach an agreement.

Recently, a lawsuit worth 759 million Euros was filed against a subsidiary of Gazprom by the Italian company Saipem S.p.A. In addition, in October of 2015, Turkey appealed to the court for a reduced rate for gas from Gazprom, and in November, the Ukrainian company Naftogaz increased the amount of their claim against the Russian company to 25.7 billion dollars.

  Russia, Poland, Gas, Gazprom