POST Online Media Lite Edition



 

Poland threatens to complain to European Commission about Gazprom

Christian Fernsby |
Polish state oil and gas company PGNiG issued a statement accusing Russia's Gazprom of failing to comply with the ruling of Stockholm arbitration court.

Article continues below



Topics: POLAND    GAZPROM   

According to Warsaw, the Russian company continues to abuse its monopoly position in the market.

“Gazprom has not complied with the final decision of the Arbitration Institute of Stockholm in the PGNiG case.

“The ruling of March 30, 2020 demanded a change in the pricing formula of the Yamal contract (a gas supply contract that Russia and Poland concluded in 1996).

“Despite this, Gazprom does not respect the decision made as a result of the long-standing dispute in arbitration and continues to bill Poland using an old pricing formula," the statement reads.

PGNiG has asked Gazprom to recalculate gas prices used in recent weeks but has not received a response from Moscow.

"This is a flagrant violation of the terms of the Yamal contract, as at the time of the announcement of the arbitration tribunal's decision, the new pricing formula automatically became part of the contract," the Polish company said.


What to read next

Gazprom to cut capital expenditure by almost $8 billion
Gazprom sends Naftogaz Ukrainy proposal on gas transit, Ukraine said it's unacceptable
Gazprom Neft spreading in Vietnam