Polish company PGNiG is going to sue Gazprom

The Polish company PGNiG provided a quarterly report, which indicated that Gazprom did not make interest payments on the $1.5 billion “overpayment” for gas in 2014-2020. 

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“On March 31, 2022, PGNiG S.A. filed a request with Gazprom to initiate arbitration proceedings in connection with a claim to recover interest on amounts overpaid by PGNiG for natural gas delivered between November 2014 and February 2020,” the document reads.

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PGNiG is still awaiting Gazprom’s response to the request for arbitration. In 2020, PGNiG won a case against Gazprom in the Stockholm arbitration over the price of gas supplied from 2014 to 2020.

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A little later, Gazprom tried to challenge this decision, but was denied a complaint by the Court of Appeal. Gazprom had to reimburse the company $1.5 billion “in the form of a retroactive settlement of earlier deliveries.”