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PGNiG chief expects to win arbitration case against Gazprom

PR dla Zagranicy
Paweł Kononczuk 26.08.2016 10:22
The CEO of Poland's state-run gas firm PGNiG has said he expects it to win an arbitration case against Russian giant Gazprom over gas prices.
Photo: GlowimagesPhoto: Glowimages

"We expect to win in arbitration,” said PGNiG chief Piotr Woźniak, adding that a decision in the case is expected next summer.

He added, however, that the Polish company is "ready for a sensible solution to the dispute with Gazprom before the decision of the Arbitration Tribunal."

PGNiG has filed for arbitration with the Stockholm Arbitration Tribunal in a dispute with Gazprom, a key gas supplier, seeking to change prices under a long-term contract signed in 1996.

The Polish company says Gazprom should adjust the contract to reflect the situation on the European gas market.

Poland announced in May that it would not extend its 1996 long-term contract for supplies from Gazprom once it expires in 2022.


Source: PAP

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