“Gazprom” has lost another trial in the Stockholm arbitration

Poland won the intermediate court “Gazprom” and intends to get from Moscow to lower gas prices. About it reports a press-service of the Polish oil and gas company PGNiG.

«Газпром» проиграл еще один суд в Стокгольмском арбитраже

The Stockholm arbitration court ruled that Warsaw has the right to demand from the Russian gas monopolist of price reduction under the current long-term gas contract.

Now the price of gas in the contract is much higher than the prices on European markets, say in Poland.

“The court took into consideration the key arguments PGNiG, pointing to the need to reduce the price of the contract and has rejected a formal objection of “Gazprom” to maintain existing non-market price conditions in the framework of the Yamal contract” — are reported words of the head of PGNiG Piotr Wozniak.

However, Wozniak understands that the price will be reduced to market levels at a later stage of the proceedings. In “Gazprom” has declared that he will continue to sue.

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