Gazprom Export requests arbitration against PGNiG on the price of the contract

Gazprom company logo is seen at the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 2, 2021. REUTERS/Evgenia Novozhenina/File Photo

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MOSCOW, Jan 14 (Reuters) – Russian group Gazprom Export said on Friday it was seeking international arbitration against PGNiG over a contract price review, a claim Poland’s state gas monopoly said it would defend before the courts.

The dispute is unfolding against the backdrop of a wider standoff between Russia and the West and as Moscow awaits clearance from Germany and the European Union for its Nord Stream 2 pipeline to start gas exports .

Poland, which has taken steps to reduce its dependence on Russian gas supplies, has been one of the most vocal opponents of Nord Stream 2, which it says would increase Moscow’s energy leverage. against Europe.

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Gazprom Export said in a statement that it had filed a complaint to retrospectively revise the price terms of a 1996 contract with PGNiG.

Gazprom Export said it sent a request to PGNiG to revise the price of gas under the contract from November 2017, before making another request three years later, the company said.

“As the commercial negotiations on the price revision in accordance with the above requests did not result in agreements, we referred the dispute to arbitration, in full accordance with the terms of the contract,” Gazprom Export said.

Pawel Majewski, chairman of the board of PGNiG, said in a statement that Gazprom Export’s request to raise the contract price was “without foundation”.

“We are ready to prove it before the arbitral tribunal,” he said.

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Reporting by Vladimir Soldatkin; Written by Gabrielle Tétrault-Farber; Editing by Sandra Maler

Our standards: The Thomson Reuters Trust Principles.

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